GF Machining Solutions to Acquire Micromachining Specialist Microlution
The move is part of GF’s expansion strategy to target industries such as aerospace and medical.
GF Machining Solutions (Lincolnshire, Illinois) has announced an agreement to purchase 100 percent of the shares of Microlution Inc., a Chicago-based developer of micromachining products incorporating milling and laser technologies. The acquisition is in line with GF’s strategy to enlarge its technology portfolio to fully meet the needs of manufacturers in targeted industry segments, including aerospace and medical. The two companies have mutually agreed to keep the sales conditions confidential.
Yves Serra, GF CEO, says, “[Microlution] has developed, within a short time, a remarkable know-how in micromachining, which complements very well the technology portfolio of GF Machining Solutions. We look forward to supporting Microlution in widening its presence in the U.S. and worldwide.”
Microlution was founded in 2005 by three engineers from the Chicago region. The company specializes in five-axis milling and femtosecond laser technology for hole drilling and micro-cutting applications for a range of industries including aerospace, medical and automotive. It generated $10 million in sales in 2015 and employs 30 individuals.
Andy Phillip, president and director of Microlution, says that the company’s customers “have benefited from our innovative systems for nearly 10 years. With our new partner, we will increase our ability to serve customers and grow.”