Fives acquires Konecranes’ machine tool service

Posted on 09 Feb 2018 and read 318 times
Fives acquires Konecranes’ machine tool service Fives Machining Systems Inc (www.fivesgroup.com) — a global provider of machine tool and complete manufacturing solutions — has acquired Konecranes Machine Tool Service division (www.konecranesmts.com).

The latter is one of the USA’s leading providers of machine tool service, with almost 40 years’ experience of preventive maintenance, rebuild, remanufacture, retrofit and repair work, as well as on-site support for all types and brands of machine tools.

Konecranes MTS division has facilities in Erlanger (Kentucky) and Massillon (Ohio), both of which will remain key operating locations.

Steve Thiry, president and CEO of Fives Machining Systems Inc, said: “This acquisition demonstrates Fives’ commitment to the machine tool and manufacturing industries. Our mission is to be the primary provider of productivity enhancements and service support to aerospace and industrial manufacturers for the full range of machine tools in their facilities.

“For our customers, this means a broader range of machines that can be serviced by some of the most talented machine tool specialists, control engineers and alignment/calibration experts in the industry.

“Customers will no longer need to rely on multiple service providers, eliminating potential down-time due to scheduling and coordination conflicts. It is an exciting expansion of our solutions capability.”

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