Hardinge to Acquire J.G. Weisser GmbH & Co.
Frank Hornberger, CEO of Weisser, said the acquisition opens up immediate expansion potential for Weisser.
Hardinge Inc. and J.G. Weisser GmbH & Co. KG have reached an agreement for Hardinge to acquire Weisser. Hardinge says this acquisition will enhance its turning and milling platform with a portfolio of products and technologies.
Hardinge is a global provider of high-precision, computer-controlled machine tools for hard-to-machine metal parts and advanced workholding accessories. Industries serviced by Hardinge include aerospace, agriculture, automotive, construction and more.
Weisser is a German manufacturer and turnkey solution provider of high-precision, multifunctional turning machines and turning centers, as well as automation solutions.
“Weisser is recognized for its market-leading innovations and machine designs, complementing our expanding portfolio of premium, high-precision machine tools. The business is well-positioned in many industry applications and complements the Hardinge total solution concept,” says Ryan Levenson, Hardinge CEO. “We believe there are exciting opportunities to leverage 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, especially in industries and geographies where Hardinge is well-established, will further accelerate Weisser’s growth. This transaction will bring together two complementary businesses, accelerate the Hardinge growth strategy and increase our core capabilities in highly attractive segments. We are excited to welcome the Weisser team into the Hardinge family.”
