02 May 2017
02 May 2017
Gurit has signed an acquisition agreement with PH Windsolutions for an undisclosed purchase price.
The transaction comprises the business of PH Windsolutions, based in Montreal, Canada, including its staff, operating assets and product IP in the form of an asset deal, as well as PH Windsolutions, based in Oldenzaal, The Netherlands. The transaction is expected to close in August 2017.
PH Windsolutions specialises in wind blade mould automation systems, including mould turning systems, mould alignment and clamping systems, mould heating systems and shear web installation devices, and related installation and customer service. The company has also started to supply the aerospace industry with manufacturing automation systems.
PH Windsolutions generated a turnover of around CHF12 million in 2016. Gurit intends to integrate the acquired business activities into its Tooling Business Unit.
Gurit says this acquisition is targeted at further strengthening its tooling technology position with the latest automation systems. It further widens the company's customer base in the wind and aerospace markets and helps to achieve a global presence for Gurit Tooling. The new location in Canada joins the existing Gurit Tooling presence in Taicang, China, and Szczecin, Poland, and adds a highly qualified team to the organisation for future development of the business.
"I am excited about the opportunities for the next level of automation development being presented by having direct access to the tool manufacturing team," comments Marc Robitaille, President of PH Windsolutions. "This will result in further streamlining of the manufacturing process for our customers."
"We are delighted by this opportunity that will further strengthen our market leading position in wind blade mould making and create added value for our customers worldwide," says Dr Bing Chen, General Manager of Gurit Tooling.
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