Fair Friend Group acquires MAG GroupClick image to enlargeMAG Group is now part of the Fair Friend Group. While the purchase price was not disclosed FFG's machine tool division is expected to generate annual sales of more than US $2.3 billion, including MAG Group figures.

 FFG says the acquisition strengthen's its position in the automotive industry. The company's machine tool division covers a variety of markets including aerospace, railway, mould and die, electronics and automotive. With MAG's seven production facilties, FFG's machine tool factories now stand at 51 across the world.

Dr. Reiner Beutel, MAG's CEO, says MAG will benefit from the global footprint and financial strength of FFG, "while our customers will benefit from the sharing of know-how and technology between our companies, increased production capabilities as well as local service wherever they are."

18 days

 

Process controlled hard turning cell pays for itself in 18 days for bearing machine shop

Conroe Machine is doing what most machine shops only dream of–hard turning a family of parts around the clock in an unmanned cell that operates a "self controlled" process. The company, based in Conroe, TX, is proof that the dream is achievable for any shop ready to use the talents of today's young automation experts to exploit new technology, like Renishaw's programmable Equator gauge.

Large part multi-tasking machine

Doosan Machine Tools latest addition, the PUMA SMX5100L twin-spindle, multi-tasking turn-mill center, completes complex parts in a single setup.

3D manufacturing good for environment: EOS, Airbus study

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Ottawa’s pre-election budget gets mixed reviews

Ottawa has introduced its 2019 budget, to mixed reviews from business.

Shaving seconds with quick change tooling

One of the critical measurements of machine shop productivity has always been equipment uptime, and in recent years that factor has been dependent on improvements that amount to a few minutes or even seconds.

Record sales for North American machine vision market

North American sales of machine vision components and systems jumped 12 per cent to $1.65 billion US in the first nine months of 2014, according to recent statistics released by AIA, the industry's trade group.

Quebec gets $15 M aluminum production plant

An Alberta aluminum deck manufacturer is investing $15 million to build a new production plant in Saguenay-Lac-Saint Jean, Quebec.

WELDING: Hereʼs a hot tip

Projection welding of fasteners to hot stamped boron components

CTMA Annual Shotgun Golf Tournament awards

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OSG announces NEO Shinshiro smart factory

OSG Corporation has announced the “OSG 4.0” smart manufacturing initiative.

Sandvik appoints MTS specialist for Ontario

Sandvik Coromant Canada has announced the promotion of Nick Tomac to the position of MTS specialist – Ontario.

Walter Surface Technologies expands safety and PPE offering with acquisition

Montreal-headquartered Walter Surface Technologies has acquired Allegro Industries, a U.S.-based manufacturer of safety equipment, respirators, air sources and ventilation equipment.

Compact five axis VMC

Doosan's new DNM 200/5AX is a compact five axis vertical machining centre designed with an affordable price point for manufacturers machining complex prismatic parts.

Ottawa backs Toyota’s Ontario plant investment

Prime Minister Justin Trudeau has announced a $110 million investment to support Toyota Motor Manufacturing Canada's $1.4 B investment in its plants in Cambridge and Woodstock, ON.

Autodesk completes Delcam acquisition

Autodesk Inc., San Rafael, CA, has completed its acquisition of Delcam, the Birmingham, England CAM software supplier. (Delcam Canada is based in Windsor, ON.)

Autodesk announced its intent to acquire Delcam last November.

"The acquisition of Delcam is an important step in Autodesk's continued expansion into manufacturing and fabrication and beyond our roots in design. Together with Delcam we look forward to accelerating the development of a more comprehensive Digital Prototyping solution and delivering a better manufacturing experience," says Buzz Kross, senior vice president for Design, Lifecycle and Simulation products. "We welcome the Delcam employees, customers, partners and community to Autodesk."

Business Outlook

This transaction is expected to have no impact on Autodesk's guidance issued on November 26, 2013. Autodesk expects this transaction to be dilutive to its non-GAAP earnings in fiscal 2015 and accretive to its non-GAAP earnings in fiscal 2016.

Autodesk

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