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GF Machining Solutions to Acquire Microlution


PRESS RELEASE
GF Machining Solutions

 
LINCOLNSHIRE, Ill., May 11, 2016 – 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.
“We are excited for our team, products and technology to join forces with GF Machining Solutions,” says Andy Phillip, President and Director of Microlution. “Microlution’s customers have benefited from our innovative systems for nearly 10 years. With our new partner, we will increase our ability to serve customers and grow.”

For more information on GF Machining Solutions, please visit gfms.com/us. For more information on Microlution, please visit microlution-inc.com.



Published Date : 5/13/2016

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