Bystronic acquires Italian technology company for tube and profile processing, TTM Laser S.p.A

Bystronic announces the full acquisition of their strategic partner TTM Laser S.p.A., a successful Italian technology company that specializes in the development of 2D and 3D laser systems for the cutting of tubes and profiles.
By: Bystronic Inc.
 
 
Innovative sheet metal processing technologies will be available to customers.
Innovative sheet metal processing technologies will be available to customers.
 
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Tags:
* Manufacturing
* Metalfabricating
* Bystronic

Industry:
* Manufacturing

Location:
* Elgin - Illinois - US

Subject:
* Mergers

ELGIN, Ill. - Oct. 2, 2018 - PRLog -- The development of a strategic partnership with TTM Laser in November 2017, and resulting positive feedback from existing customers, has shown there is a strong demand for customers to be able to purchase all these solutions from a single source. The added value that is created allows customers to position themselves more successfully on the market. A supplier with a strong sales and service network not only simplifies the purchase and maintenance, but also the successful integration and operation of manufacturing solutions. With the acquisition of TTM Laser, Bystronic is deepening its existing portfolio for the laser cutting process step with applications for tubes with diameters between 1/2 inch - 32 inch, and for profiles.

Bystronic CEO Alex Waser emphasizes: "With the merger of Bystronic and TTM Laser, our customers are gaining access to a unique range of technologies and innovations for their sheet metal processing requirements. TTM Laser's know-how and technology portfolio ideally complement Bystronic's existing manufacturing solutions with world-class systems for tube and profile processing. The goal of this takeover is to jointly push forward innovative manufacturing solutions."

About TTM Laser S.p.A.
TTM Laser S.p.A. is a successful Italian technology company that is headquartered in Cazzago San Martino (Province of Brescia). Established in 2001, TTM Laser S.p.A. specializes in the development of 2D and 3D laser systems for the cutting of tubes and profiles and for the welding of large-format metal sheets. It has state-of-the-art production infrastructures, and in 2017, with approximately 40 employees, it achieved a turnover of approximately 14 million euro.

About Bystronic Inc.
Bystronic is a worldwide supplier of high-quality press brakes, lasers cutting systems, automation and software for the economical processing of sheet metal and tubes. Bystronic stands for reliability, high-performance innovation, an outstanding price-performance ratio, and user-friendly operation. The focus is on the automation of the complete material and data flow of the sheet metal cutting and bending process chain. The company's North American headquarters is located in Elgin, IL. Offices are also located in Toronto, Canada and Monterrey, Mexico.  For more information on Bystronic Inc., visit www.bystronicusa.com, or to contact by e-mail, sales.us@bystronic.com.
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Tags:Manufacturing, Metalfabricating, Bystronic
Industry:Manufacturing
Location:Elgin - Illinois - United States
Subject:Mergers
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