LVD announces acquisition of Italian automation firm
LVD Company nv has announced that it has acquired COMPAC S.r.l. of Urbino, Italy, an industrial automation solutions provider. LVD has partnered with COMPAC since 2016 to produce automatic warehouse systems for numerous LVD laser cutting equipment installations in Italy. The acquisition expands LVD’s portfolio of automation systems for flat sheet and tube laser cutting machinery at a time when sheet metal fabricators are increasingly automating their production processes to improve overall efficiency.
A 30-year-old, family-owned business, COMPAC S.r.l. specialises in the design, manufacture and integration of high-tech automatic warehouse systems, input and output handling systems, load and unload devices, as well as custom automation systems for industry. COMPAC has steadily grown its business and automation products. Its automation solutions are diverse, including handling systems for magazine and cardboard industries and conveyor lines for metal cleaning machines.
With the acquisition, COMPAC becomes part of the LVD Group. LVD will add COMPAC systems for metal fabrication to its automation offerings, broadening the choice of solutions for its punch press, fibre laser and tube laser cutting machines for customers worldwide. The metal fabrication systems will be branded as LVD. COMPAC will retain its brand for automation solutions supplied to other markets. All COMPAC products will continue to be manufactured at its leading-edge 7000 m2production site in Italy.
“COMPAC is an innovative manufacturer with a strong engineering mindset and a proven history of advanced automation solutions,” explains LVD president and managing director, Carl Dewulf. “Our acquisition of COMPAC was driven by our interest in securing a strong future for our automation product line, to offer our customers the most advanced and reliable automation technology to keep pace with the advances of fibre laser cutting. With COMPAC as part of the LVD Group, we gain additional automation know-how and systems experience.”
LVD is a leading manufacturer of sheet metal/plate working equipment, including laser cutting systems, punch presses, press brakes, guillotine shears and mid-level automation systems, integrated to and supported by its CADMAN® software suite. LVD Industry 4.0-ready products and technology make smart manufacturing a reality.
For the second year running, LVD was named as one of Belgium’s Best Managed Companies an initiative by Deloitte Private and KU Leuven. The designation recognises privately-owned and controlled Belgian companies setting the highest standards of business performance.