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BERWYN, Pa. & ASHLAND, Ohio, Sept. 1, 2021 /PRNewswire/ — Hardinge Inc. (“Hardinge”) and Ohio Tool Works, L.L.C. (“OTW”), have accomplished a definitive settlement underneath which Hardinge has acquired OTW, enhancing Hardinge’s machine instrument and workholding portfolio with a sexy platform of excessive precision honing machines, tooling and abrasives.
OTW designs and builds each normal and customized honing know-how for a various and rising base of world clients throughout the commercial, aerospace, protection, and steel working industries. OTW’s highly-engineered honing options be certain that its clients’ personal mission-critical merchandise – reminiscent of aerospace parts and high-pressure cylinders – are exactly completed for efficiency and reliability.
“OTW is acknowledged for its superior honing know-how and market main innovation, which counterpoint Hardinge’s premium portfolio of excessive precision turning, milling and grinding machines. The OTW professionals are consultants in all issues honing.” mentioned Ryan Levenson, Hardinge CEO. “We are excited to convey OTW and its applied sciences into our international gross sales and repair community and to really globalize this enterprise. We welcome the OTW crew into the Hardinge household and stay up for rising the product traces via our international platform.”
Hardinge acquired OTW from Artemis Capital Partners (“Artemis”), the Boston-based personal fairness agency targeted on shopping for and constructing distinctive Industrial Tech corporations. James Ward, Partner at Artemis, commented: “We are pleased with what the OTW crew has completed in partnership with Artemis. Given OTW’s industry-recognized dedication to innovation, buyer, and high quality, the Company is uniquely positioned to seize rising demand within the international honing markets along with Hardinge. It’s a pure strategic match and we’re excited to cheer them on.”
Hardinge, Inc. is the trusted international supplier of excessive precision, computer-controlled machine instrument options for vital, hard-to-machine steel elements and superior workholding equipment. With over 125 years of expertise, Hardinge provides the most important number of metal-cutting turning machines, grinding machines, machining facilities, collets, chucks, index fixtures, restore elements, normal and specialty workholding units, and different machine instrument equipment. Hardinge’s options could be present in a broad base of industries together with aerospace, agricultural, automotive, building, client merchandise, protection, vitality, medical, know-how, and transportation. The firm designs, manufactures, and distributes machine instruments in over 65 international locations throughout North America, Europe, and Asia. For extra details about Hardinge, please go to: www.hardinge.com.
Ohio Tool Works (OTW) is a number one producer of business honing machines, tooling, and abrasives. Trusted by the world’s largest tubing and cylinder producers, OTW designs and builds tailor-made honing options for a various and rising base of shoppers and purposes throughout the worldwide industrial, aerospace, protection, and steel working industries. For extra data on Ohio Tool Works, please go to: www.ohiotoolworks.com.
Artemis is a specialised personal fairness agency targeted on buying and partnering with differentiated Industrial Tech corporations, whose individuals and merchandise allow and speed up a more healthy, safer, extra related, cell, productive, and equitable world. For extra data, please go to: www.artemislp.com.
SOURCE Hardinge Inc.