Renishaw (Hoffman Estates, IL), the global engineering technologies company, has taken full ownership of Mea- surement Devices Ltd (MDL; York, England), following the purchase of the remaining 34% of the company's shares. The acquisition concludes an agreement reached in 2010, at which time Renishaw purchased an initial 29% stake in MDL, which designs and manufactures high-speed laser measurement and surveying systems for use in extreme environments.
The Pritzker Group (Chicago) on Jan. 15 announced it has
acquired Intersystems (Omaha, NE), a leading designer and manufacturer of specialized material handling equipment.
Kennametal (Latrobe, PA) has launched a new business unit, Kennametal Stellite, with its acquisition of UK-based Deloro Stellite. The unit brings industry-leading wear-resis- tant solutions in alloys-based science, cast and machined components, hardfacing materials and coating services that excel in wear-resistance in extreme temperatures and applications. Kennametal Stellite employs approximately 1300 people across seven primary operating facilities globally. It delivers tailored solutions for customers in oil and natural gas, power generation, automotive, aerospace/ defense, medical/dental, and process and general engi- neering segments.
On Feb. 7, The ExOne Company (North Huntingdon, PA), a global provider of 3D printing machines and printed products to industrial customers, began trading on the NASDAQ market exchange under the symbol “XONE.” Zagar Inc. (Cleveland, OH) the exclusive importer of Pre- cihole Machine Tools Ltd., has appointed Absolute Machine Tools (Lorain, OH) as its exclusive Midwest distributor for deep-hole-drilling solutions. Marcegaglia USA (Munhall, PA), a tube and pipe manu-
facturer, on Jan. 18 announced it has signed into an agree- ment with Phillips Metals Inc. (Plainfield, IL) to market and sell stainless and related nonferrous tubing and pipe to North Amercan automotive customers.
As the leading manufacturer of 5-axis machining centers, Hermle is expanding the portfolio: perfect precision, dependable service and automation competence are now available for work piece machining of up to 2500 kg.