Kongsberg Precision Cutting Systems (Kongsberg PCS) has announced the acquisition of MultiCam, a U.S.-based manufacturer and distributor of Computer Numerical Control (CNC) cutting machines and digital finishing technology and processes. The acquisition, including the OEM’s operations in the U.S. and salesoffices in Canada and Germany, expands Kongsberg PCS’ market reach and customer base across North America and Europe, and creates “the world’s first diversified provider of digital finishing and CNC cutting machines.” News of the acquisition comes just five months after Kongsberg PCS was established as a stand-alone business after being acquired by OpenGate Capital.
“This is a monumental day for Kongsberg and MultiCam,” said Stuart Fox, Kongsberg PCS President. “Our businesses coming together to drive best-in-class cutting and finishing processes will deliver a tremendous advantage for our global customer base. Since 1965, the Kongsberg name has been synonymous with innovation. Our systems have led the industry in delivering precision, reliability and quality through 7 decades, and with the investment of our owners we have a roadmap that will undoubtedly take this robust company to a new level. MultiCam shares this ambition, and just like Kongsberg their business has a loyal and valued team that’s been with the company for many years and helpedbuild and shape it into what it is today. We are excited to develop and expand ourproduct portfolio and to create new opportunities to grow our tooling and consumables’ offerings. MultiCam has extraordinary market reach with its range of CNC routers, laser, plasma, waterjet and knife-cutting machines – and we are thrilled to now welcome MultiCam to the Kongsberg family,” Fox added.