Fives to Acquire MAG Americas

The acquisition will expand Fives’ influence in North America.


Facebook Share Icon LinkedIn Share Icon Twitter Share Icon Share by EMail icon Print Icon

Industrial engineering group Fives (Paris, France) has agreed to acquire MAG Americas, a subsidiary of the MAG Group. MAG Americas provides large and complex parts machining solutions and composite processing for the aerospace, oil and gas, mining, agriculture, and off-road-vehicle industries. The acquisition encompasses several business units: Giddings & Lewis, Cincinnati and Forest Liné, specializing in composite processing and large metal cutting machines, as well as a unit dedicated to aftermarket services. The acquisition will enable Fives to grow its business in the North American domestic industrial markets.