Bystronic Acquires Tube Machining
Equipment Manufacturer, TTM Laser
Swiss sheet metal equipment manufacturer, Bystronic, which produces
fibre laser cutting machines, automation solutions and press brakes for
processing flat material, announced at the beginning of April 2018 that it is
to take over the Italian manufacturer of laser-based tube and profile cutting
machines, TTM Laser S.p.A. It follows the strategic partnership jointly
agreed by the two companies last November.
Bystronic is the reby enhancing its existing
range of technologies with the addition of 2D
and 3D laser systems for cutting profiles and
tubes from 12 mm to 815 mm in diameter, as
well as with equipment for welding large-
format metal sheets. Active on the market
since 2001 and headquartered in Cazzago San
Martino, TTM Laser has modern production
facilities, 40 employees and achieved a turnover
of approximately 14 million euro in 2017.
In the five months since the partnership agreement
was instigated, positive feedback from customers
has shown that there is a strong demand in many
markets for even closer collaboration between the
companies. For the time being, TTM Laser will
continue as a brand and will be known as a member
of Bystronic. Fiorenzo Castellini, the current
CEO of TTM Laser, will retire and hand over the
responsibility to the remaining management team.
Bystronic CEO Alex Waser emphasised, “With the
fusion of Bystronic and TTM Laser, our customers
are gaining access to a unique range of technologies
and innovations for their sheet metal processing
requirements from a single source.
“TTM Laser’s know-how and technology portfolio
ideally complement Bystronic’s existing products
with world-class systems for tube and profile
processing. The goals of the takeover are to jointly
push forward innovative, versatile manufacturing
solutions and to provide an enhanced range of
services.”
.
www.bystronic.com
TUBE NEWS
May 2018
9