Product category:
Manufacturing dealerships, agencies and acquisitions
News Release from: Mori Seiki UK
Edited by the Manufacturingtalk Editorial
Team on 27 November 2007
Machine tool firm acquires French
tooling
Mori Seiki Co in Japan has reached an agreement to take over the business of Sandvik Tobler SAS, France, which is a part of the Sandvik Tooling business area.
Mori Seiki Co, Nagoya, Japan, and the company Sandvik, have reached an agreement to take over the business of Sandvik Tobler SAS, France, which is a part of the Sandvik Tooling business area Sandvik Tobler has operations in Louvres, France and produces precision mandrels and clamping equipment for the automotive industries
This article was originally published on Manufacturingtalk on 5 Jun 2001 at 8.00am (UK)
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The unit has 80 employees and the sale amount in 2006 is around EUR 8.5 million.
The transfer of the Sandvik Tobler unit to Mori Seiki is expected to take place in January 2008, subject to the obtaining of the appropriate approvals of the relevant antitrust authorities.
In order to reply our European customer's high technical requirement, the integration of Sandvik Tobler SAS into the Mori Seiki Group enable to increase our engineering performance in Europe to supply the customers as total supplier for machine tool and work holdings.
* About Sandvik - Sandvik is a global industrial group with advanced products and world-leading positions in selected areas - tools for metal cutting, machinery and tools for rock excavation, stainless materials, special alloys, metallic and ceramic resistance materials as well as process systems.
The group had at the end of 2006 about 42,000 employees and representation in 130 countries, with annual sales of more than EUR 7 billion.
* Mori Seiki - Mori Seiki is a pioneer in machine tool building and one of the leading producers of metal cutting machine tools.
Founded in 1948 the corporation has, launched over the years, more than a hundred different lathe and machining center series.
The three Japanese production sites (Iga, Nara and Chiba) and the new production site in Le Locle, Switzerland (Dixi machines) produce almost 700 machines/month.
Recent years have seen the Company's dedication in Europe get off to a good start.
Various sites have been set up and developed.
In June 2005 Mori Seiki set a clear example by establishing a new Technical Center and the European Headquarters in Paris, also near the Charles de Gaulles Airport.
In total Mori Seiki employs more than 4,500 people worldwide. Request free introductory details about products from Mori Seiki UK ...
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