Switzerland-headquartered GF Machining Solutions has entered into an agreement to purchase 100% of the shares of Microlution Inc, a Chicago-based developer of micro-machining solutions that incorporate milling and laser technologies.
GF Machining Solutions designs and manufactures EDM, machining centre, laser texturing and additive manufacturing technology. Its technology is already used to support micro-machining.
US firm Microlution was founded in 2005 by three engineers from the Chicago area. The company specialises in 5-axis milling and femto-second laser machining for hole drilling and micro-cutting applications for a wide range of industries, including aerospace, medical and automotive. The 30-employee operation generated $10 million in sales in 2015.
A micro impeller
The press announcement says that this acquisition complements GF Machining Solutions’ strategy to enlarge its technology portfolio “to fully meet the needs of manufacturers across a range of targeted industry segments, including aerospace and medical”.
Says Yves Serra, CEO of GF Machining Solutions: “We warmly welcome Microlution to GF. The company has developed, within a short space of time, remarkable know-how in micro machining, which complements very well our technology portfolio. We look forward to supporting Microlution in widening its presence, and growing its business, in the US and worldwide.”
Andy Phillip, president and director of Microlution, adds: “We are excited for our team, products and technology to join forces with GF Machining Solutions.
“Microlution’s customers have benefited from our innovative systems for nearly 10 years. With our new partner, we will increase our ability to serve customers and grow.”