Market Overview

Hardinge Acquires Usach Technologies

Hardinge (NASDAQ: HDNG) announced that it has acquired Usach
Technologies, Inc., a privately held, American machine tool company and
leading provider of high-precision, computer-controlled ID and OD
grinding machines and grinding systems based in Elgin, Illinois.

“Hardinge is a world leader in grinding solutions and the acquisition of
Usach Technologies strengthens and reinforces that position,” stated
Richard L. Simons, Chairman, President and Chief Executive Officer.
“This acquisition complements our strategy to maintain our competitive
edge by continually advancing and enhancing our product portfolio.
Importantly, Usach strengthens our reach into high profile OEM's
(original equipment manufacturers) in the U.S. and expands our

See full press release

Posted-In: News Guidance Contracts Asset Sales Management M&A Global

 

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