GF acquires US laser micromachining specialist
GF Machining Solutions has agreed to purchase 100% of the shares of micromachining specialist Microlution.
GF Machining Solutions (Lincolnshire, IL), a division of GF, has agreed to purchase 100% of the shares of Microlution (Chicago, IL), a specialist in micromachining based on milling and laser technologies.
Microlution, founded in 2005, specializes in 5-axis milling and femtosecond lasers for hole drilling and micro-cutting in a wide range of industries, including aerospace, medical, and automotive. The company generated a turnover of $10 million in 2015 with a workforce of 30 employees. The acquisition is in line with the strategy of GF Machining Solutions to enlarge its technology portfolio to cover the needs of its key target sectors, such as the aerospace and medical fields. Both parties have agreed to keep the sales conditions confidential.
GF Machining Solutions provides machine tools, automation solutions, and customer services for the production of molds, dies, and high value-added metal parts. The division has R&D and manufacturing facilities in Switzerland, Sweden, and China, and serves its customers through its own sales companies in more than 50 countries.
GF, founded in 1802, is headquartered in Switzerland and present in 32 countries, with 121 companies—45 of them production facilities. Its approximately 14,400 employees generated sales of CHF 3.64 billion in 2015.
For more information, please visit www.gfms.com and www.microlution-inc.com.