Precision Surfacing Solutions, a leading global supplier of equipment and services for precision lapping, polishing, grinding, and honing, announced today that it has acquired KEHREN GmbH, a provider of machine tools and systems for high-precision grinding applications based in Hennef, Germany.
“KEHREN was founded in 1934 so this acquisition will contribute another long established and well recognized precision machine tool brand to the Precision Surfacing Solutions product portfolio," says Brian Nelson, president and CEO of Precision Surfacing Solutions. "We look forward to the opportunity to introduce the KEHREN product line to the over 9,000 existing active global PSS customers, particularly those in North America and Asia. KEHREN also has a very complementary industrial customer base and will provide us with significant opportunities to cross-sell other PSS products. Finally, this acquisition also helps to diversify our customer base, offering further exposure to the aerospace, bearing, and industrial machine tool segments. We are very excited to have KEHREN join our Group.”
“The acquisition of KEHREN in Hennef further expands our German manufacturing presence and will represent our fifth location in addition to our existing Rendsburg, Aschaffenburg, Fulda, and Babenhausen facilities," adds Kelly Cavitt, group chief financial officer of PSS. "As always, we feel that our Group resources and scale will create significant synergies and cost saving opportunities at KEHREN, particularly for raw material and machine components.”
“The addition of KEHREN provides significant technical and application resources that will further strengthen our global technical team. I look forward to working with the KEHREN team,” says Brett Rosenthal, PSS group chief technical officer.
Terms of the acquisition were not disclosed.