LVD expands into tube laser cutting with new deal
- September 21, 2015
The operational merger of LVD, based in Gullegem, Belgium and AltaMAR, based in Fridley, MN, will combine sales, service, production, research and development facilities from both companies to create a larger sheet metal fabrication equipment maker with operations in Belgium, Central Europe, China and the US.
Under the agreement, each company will maintain its independent corporate identity but will combine key operations in the areas of sales, service, production and engineering development.
Under the terms of the operational merger, all AltaMAR tube laser cutting machines will be manufactured by Strippit Inc. at its Akron, NY manufacturing plant for the world market and will collaborate with AltaMAR on research and development efforts for future tube cutting products and technology.
The complete range of AltaMAR tube cutting machines will be added to LVD’s existing product portfolio. The result will be the industry’s most comprehensive product offering with a broad range of capabilities and an extensive line of automated systems.
LVD and AltaMAR sales and service operations will be merged to provide integrated sales and service network for LVD and AltaMAR customers alike.
Moving forward, LVD and AltaMAR will combine design and engineering resources to address market requirements, jointly developing and introducing new sheet and tube metal cutting products.
Jean-Pierre Lefebvre, chairman of LVD, says, "we are enthusiastic about combining forces with AltaMAR to offer a broader umbrella of high-level machinery and more extensive solutions to our customers. The addition of AltaMAR tube cutting systems to our line of products further strengthens and positions the LVD brand".
Dan Martin, president of AltaMAR adds that "LVD’s vast range of products and worldwide distribution network opens doors of opportunities for AltaMAR to offer increased added value to our customers by having a more comprehensive set of solutions beyond our core products".