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Hardinge Inc. To Acquire J.G. Weisser Gmbh & Co

Jul 21, 2021•over 4 years ago

Acquiring Company

Hardinge

Acquired Company

J.G. WEISSER GmbH

New YorkConsulting

Description

Hardinge Inc. ("Hardinge") and J.G Weisser GmbH & Co. KG ("Weisser"), have entered into a definitive agreement under which Hardinge will acquire Weisser, enhancing Hardinge's Turning and Milling platform with an attractive portfolio of products and technologies.

Company Information

Company

Hardinge

About

Hardinge, Inc. is the trusted global provider of high precision, computer-controlled machine tool solutions for critical, hard-to-machine metal parts and advanced workholding accessories. With over 125 years of experience, Hardinge offers the largest variety of metal-cutting turning machines, grinding machines, machining centers, collets, chucks, index fixtures, repair parts, standard and specialty workholding devices, and other machine tool accessories. Hardinge's solutions can be found in a broad base of industries including aerospace, agricultural, automotive, construction, consumer products, defense, energy, medical, technology, and transportation. The company designs, manufactures, and distributes machine tools in over 65 countries across North America, Europe, and Asia. For more information about Hardinge, please visit us at www.hardinge.com. SOURCE Hardinge Inc.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed