GF Machining Solutions has announced an agreement to purchase 100 percent of the shares of Microlution Inc, a Chicago-based developer of micro-machining products incorporating milling and laser technologies.
The acquisition of Microlution is in line with GF Machining Solutions’ strategy to enlarge its technology portfolio to fully meet the needs of manufacturers in targeted industry segments, including aerospace and medical. Microlution and GF Machining Solutions have mutually agreed to keep the sales conditions confidential.
“We warmly welcome Microlution to GF,” says Yves Serra, CEO of GF. “The company has developed, within a short time, a remarkable know-how in micro-machining, which complements very well the technology portfolio of GF Machining Solutions. We look forward to supporting Microlution in widening its presence in the US and worldwide.”
Microlution was founded in 2005 by three engineers from the Chicago region. The company specializes in 5-axis milling and femtosecond laser for hole drilling and micro-cutting applications for a wide range of industries, including aerospace, medical and automotive. It generated $10 million in sales in 2015 and employs 30 individuals.