TRUMPF acquires AFM Canada
TRUMPF has acquired 100% of Advanced Fabricating Machinery Canada
October 3, 2007--TRUMPF has acquired 100% of Advanced Fabricating Machinery (AFM) Canada. AFM was formed on July 1, 1997, by TRUMPF Inc. and Robert Watson as an equal joint venture. The recent completion of the acquisition of AFM contributes to TRUMPF's position in the field of fabricating and laser technology in North America.
"Ten years ago, TRUMPF Inc. entered into a venture with Advanced Fabricating Machinery that has since turned into a very successful relationship," said Rolf Biekert, president and CEO of TRUMPF Inc. "On behalf of TRUMPF, I am proud of what we accomplished and just as excited about TRUMPF's future in Canada."
AFM's mission has been to establish long-term relationships with their customers by selling high-quality, flexible fabricating equipment that enables customers to maximize their profits. AFM, under the continued leadership of Watson, will serve the Canadian market as a sales and spare parts facility for TRUMPF products.