Kongsberg Precision Cutting Systems (Kongsberg PCS) has acquired US manufacturer and distributor of Computer Numerical Control (CNC) cutting machines and digital finishing processes, MultiCam.
Kongsberg PCS said the acquisition of MultiCam, including its operations in the US and sales offices in Canada and Germany, expands its market reach and customer base across North America and Europe, and reinforces its position in the digital finishing market.
Kongsberg PCS president Stuart Fox said, “Our businesses coming together to drive best-in-class cutting and finishing processes will deliver a tremendous advantage for our global customer base. Following the completion of the deal, I am now excited to begin integrating our businesses and exploring new markets.”
News of the acquisition comes five months after Kongsberg PCS was established as a stand-alone business after being acquired by OpenGate Capital.
OpenGate Capital partner Julien Lagrèze said, “We recognised the importance of digitisation for this business and developed an investment thesis that includes the growth of Kongsberg PCS through innovation and add-on investments.
“With this strategic combination, Kongsberg PCS gains greater scale, and expands its reach to a broader, global customer base with new products and services.”
Founded in 1989, MultiCam supplies CNC cutting solutions for a multitude of industries and applications ranging from sign making to digital finishing, aerospace to automotive, sheet-metal to plate-steel processing, hardwoods to cabinet making, thermoform trimming to plastics fabrication.
MultiCam CEO, David Morse said, “At MultiCam, we have worked for over 30 years to diligently build a world class organisation in the focused cutting arenas of routing, fabrication and digital finishing. The MultiCam brand is synonymous with quality, durability and ease of use. We are very pleased to join forces with Kongsberg who has built an outstanding global brand and culture that align directly with what we have built at MultiCam.
“Combining Kongsberg’s 50 years of outstanding history in digital finishing and over 12,000 machines installed, together with MultiCam’s 14,000-plus installed machines, strengthens our position in the global market.”
The company will continue to operate under the MultiCam name within Kongsberg Precision Cutting Systems, with Morse joining the Kongsberg PCS senior management team and continuing to lead the MultiCam business.
“At Kongsberg PCS, we are excited to develop and expand the product portfolio and to create new opportunities to grow our tooling and consumables offering. In addition to strengthening our hardware offering, we are also planning routes into new markets, in areas we know are currently not catered for and will benefit from our market-leading solutions,” Fox added.
“MultiCam has extraordinary market reach with its range of CNC routers, laser, plasma, waterjet and knife cutting machines, and we are thrilled to now welcome MultiCam to the Kongsberg family.”
Comment below to have your say on this story.
If you have a news story or tip-off, get in touch at [email protected]
Sign up to the Sprinter newsletter