January 10, 2018 – Fives Machining Systems, a global machine tool and complete manufacturing solutions provider, has acquired Konecranes Machine Tool Service division, a provider of machine tool service. Konecranes MTS division brings nearly 40-years of experience providing a full range of preventive maintenance, rebuild, remanufacture, retrofit and repair services, as well as onsite support for all types and brands of machine tools.
The acquisition of Konecranes MTS by Fives is intended to provide customers with a greater depth of productivity solutions services for a wider range of products and industries. Fives Machining Systems, Inc. Global Services and Konecranes MTS division are now combined into a larger aftermarket division. Konecranes MTS division has facilities located in Erlanger, KY and Massillon, OH both of which will remain key operating locations.
The Fives Metal Cutting | Composites business line is comprised of Fives Machining Systems Inc., which includes Fives Cincinnati in Hebron, Kentucky, specializing in machines and systems for the aerospace and industrial industries and Fives Giddings & Lewis in Fond du Lac, Wisconsin, specializing in machine tools for industrial, aerospace and automotive; Fives Lund Engineering in Seattle, serving the aerospace industry; Fives Liné Machines in Granby, Quebec, Canada and Fives Machining in France, specializing in machine tools for aerospace, industrial and rail.
