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Hardinge Inc.Acquires Ohio Toolworks | Around the Web-Pennsylvania

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Berwyn, Pennsylvania & Ashland, Ohio, September 1, 2021 / PRNewswire / -Hardinge Inc. (“Hardinge”) and Ohio Tool Works, LLC (“OTW”) have accomplished a last settlement that Hardinge will purchase OTW, making Hardinge’s machine instruments and workholding portfolio enticing. Enhanced with the next platform. Precision honing machines, instruments, abrasives.

OTW designs and builds each commonplace and customized honing applied sciences for a various and rising basis of worldwide prospects throughout the commercial, aerospace, protection, and metalworking industries. OTW’s extremely designed honing options be certain that prospects’ personal mission-critical merchandise, equivalent to aerospace parts and high-pressure cylinders, are precisely completed for efficiency and reliability.

“OTW is understood for its superior honing know-how and market-leading improvements, which counterpoint Hardinge’s premium portfolio of precision turning, milling and grinding machines. OTW consultants say each honing. Is an professional within the subject, “stated Ryan Levenson, CEO of Hardinge. “We are happy to deliver OTW and its know-how into our world gross sales and repair community to actually globalize this enterprise. We stay up for welcoming the OTW group to the Hardinge household and increasing our product line via our world platform. . “

Hardinge has acquired OTW from Artemis Capital Partners (“Artemis”). BostonA personal fairness agency targeted on the acquisition and development of excellent industrial tech firms. James Ward, Artemis companions commented: It goes available on the market with Hardinge. It’s a pure strategic match and we’re excited to assist them. “

About Hardinge

Hardinge, Inc. Is a trusted world supplier of precision laptop managed machine device options for important and difficult-to-machine metallic elements and superior workholding equipment. With over 125 years of expertise, Hardinge presents all kinds of metallic chopping lathes, grinding machines, machining facilities, collets, chucks, index fixtures, restore elements, commonplace and specialised workpiece holders, and different machine device equipment. I’m. Hardinge’s options are utilized in a variety of industries together with aerospace, agriculture, automotive, development, shopper merchandise, protection, power, medication, know-how and transportation. The firm designs, manufactures and sells machine instruments in additional than 65 nations. North America, Europe, When Asia.. For extra info on Hardinge, please go to: www.hardinge.com..

About OTW

Ohio Toolworks (OTW) is a number one producer of commercial honing machines, instruments and abrasives. Reliable by the world’s largest tube and cylinder producers, OTW designs and designs honing options for a various and rising buyer and utility basis throughout the worldwide trade, aerospace, protection, and metalworking industries. I’m constructing. For extra info on Ohio Tool Works, please go to: www.ohiotoolworks.com..

About Artemis

Artemis is a private-equity agency targeted on the acquisition and partnership of differentiated industrial tech firms, whose individuals and merchandise are more healthy, safer, extra linked, cell and productive. It permits and accelerates a good world. See under for extra info. www.artemislp.com..

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