Bystronic acquires TTM Laser
Bystronic is taking over TTM Laser and opening up an even wider range of technologies and innovations in the
field of sheet metal processing
Swiss sheet metal equipment manufacturer, Bystronic, which produces fibre laser cutting machines, automation solutions and press brakes for processing flat material, has announced that it is to take over the Italian manufacturer of laser-based tube and profile cutting machines, TTM Laser S.p.A. This follows the strategic partnership jointly agreed by the two companies last November.
Bystronic is thereby enhancing its existing range of technologies with the addition of 2D and 3D laser systems for cutting profiles and tubes from 12 mm to 815 mm in diameter, as well as with equipment for welding large-format metal sheets. Active on the market since 2001 and headquartered in Cazzago San Martino, TTM Laser has modern production facilities, 40 employees and achieved a turnover of approximately 14 million euros in 2017.
In the five months since the partnership agreement was instigated, positive feedback from customers has shown that there is a strong demand in many markets for even closer collaboration between the companies. For the time being, TTM Laser will continue as a brand and will be known as a member of Bystronic. Fiorenzo Castellini, the current CEO of TTM Laser, will retire and hand over the responsibility to the remaining management team.
Bystronic CEO Alex Waser emphasises: “With the fusion of Bystronic and TTM Laser, our customers are gaining access to a unique range of technologies and innovations for their sheet metal processing requirements from a single source.
“TTM Laser’s know-how and technology portfolio ideally complement Bystronic’s existing products with world-class systems for tube and profile processing. The goals of the takeover are to jointly push forward innovative, versatile manufacturing solutions and to provide an enhanced range of services.”