TPi September 2018

Business & market news

Bystronic acquires tube machining equipment manufacturer

In the months since the partnership agreement was instigated, positive feedback from customers has shown that there is a strong demand in many markets for even closer collaboration between the companies. For the time being, TTM Laser will continue as a brand and will be known as a member of Bystronic. Fiorenzo Castellini, the current CEO of TTM Laser, will retire and hand over responsibility to the remaining management team. Bystronic CEO Alex Waser commented, “With the fusion of Bystronic and TTM Laser, our customers are gaining access to a unique range of technologies and innovations for their sheet metal processing requirements from a single source. TTM Laser’s know-how and technology portfolio ideally comple- ment Bystronic’s existing products with world-class systems for tube and profile processing. The goals of the takeover are to jointly push forward innovative, versatile manufacturing solutions and to provide an enhanced range of services.”

The takeover will enhance Bystronic’s existing range of technologies with the addition of 2D and 3D laser systems for cutting profiles and tubes from 12 to 815mm in diameter, as well as with equipment for welding large-format metal sheets. Active in the market since 2001, TTM Laser achieved a turnover of approximately €14mn in 2017.

Swiss sheet metal equipment manu- facturer Bystronic, which produces fibre laser cutting machines, automation solutions and press brakes for processing flat material, announced at the beginning of April that it is to take over TTM Laser SpA, an Italian manufacturer of laser-based tube and profile cutting machines, following the strategic partnership jointly agreed by the two companies last November.

Bystronic is taking over TTM Laser, opening up a wider range of technologies and innovations in sheet metal processing

Bystronic UK Ltd – UK info.laser@bystronic.com www.bystronic.com

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TUBE PRODUCTS INTERNATIONAL September 2018

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