Tornos acquires manufacturing businesses
The Tornos Group has just signed an agreement, enabling it to acquire 95 per cent of the share capital of Almac SA and 100 per cent of Almatronic SA. Both companies are based in La Chaux-de-Fonds, with a combined turnover for 2007 in the region of CHF 17 million.
Almac is a company which develops, manufactures and markets CNC machining equipment for small, high-precision parts. These parts are destined predominantly for watchmaking applications used in Swiss companies. Other customers come from the dental, medical and connector fields.
Almatronic SA is a company specialising in computerised numerical controls and programming. Its main customer is Almac SA.
Tornos has a key presence in a variety of market segments including automotive, medical, microtechnology (including watchmaking) and electronics. As mentioned above, Almac’s products are tailored to companies operating in the fields of microtechnology, medicine and electronics – three of the four key market segments in which Tornos is involved. With their complementary, noncompetitive machines, the two companies share the same target markets, allowing them to benefit from synergies in terms of sales and service networks.
Almac SA and Almatronic SA will remain independent companies, not merged with a Tornos Group company.
