HARDINGE INC. TO ACQUIRE JG WEISSER GmbH & CO
BERWYN, Pennsylvania. and ST. GEORGEN, Germany, July 20, 2021 / PRNewswire / – Hardinge Inc. (“Hardinge”) and JG Weisser GmbH & Co. KG (“Weisser”), have entered into a definitive agreement under which Hardinge will acquire Weisser, enhancing Hardinge’s turning and milling platform with an attractive portfolio of products and technologies.
Weisser is a leading German manufacturer and supplier of turnkey solutions for high precision multifunctional lathes and turning centers as well as automation solutions. Weisser is based at Germany with sales of around US $ 90 million. More information about the company is available at weisser-web.com.
“Weisser is recognized for its innovations and market-leading machine designs, complementing our expanding portfolio of high-end, high-precision machine tools. The company is well positioned in many industrial applications and complements Hardinge’s total solution concept, ”said Ryan Levenson, CEO of Hardinge. . “We believe there are exciting opportunities to leverage the collaboration within our global sales and service network and our existing turning and milling brands. The integration of the Weisser brand and products into the Hardinge Group, particularly in industries and geographies where Hardinge is well established, will further accelerate Weisser’s growth. This transaction will bring together two complementary businesses, accelerate Hardinge’s growth strategy and increase our core capabilities in very attractive segments. We are delighted to welcome the Weisser team to the Hardinge family.
“The new partnership with Hardinge opens up very attractive growth potential for Weisser”, adds Frank hornberger, CEO of Weisser. “This gives us great potential to expand into other markets immediately. The combination product portfolio has the same technological DNA and our similar histories of driving high precision standards will lead to further expansion of our already strong position in the market. market.”
About Hardinge Inc.
Hardinge, Inc. is the trusted global provider of high-precision, computer-controlled machine tool solutions for critical and difficult-to-machine metal parts and advanced clamping accessories. With over 125 years of experience, Hardinge offers the widest variety of metal lathes, grinders, machining centers, collets, chucks, indexing devices, repair parts, devices standard and specialty clamps and other machine tool accessories. Hardinge’s solutions can be found in a wide range of industries including aerospace, agriculture, automotive, construction, consumer products, defense, energy, medical, technology and transport. The company designs, manufactures and distributes machine tools in more than 65 countries across North America, Europe, and Asia. For more information about Hardinge, please visit us at www.hardinge.com.
SOURCE Hardinge Inc.