Category: Industrial

TPM and Access Manufacturing Announce Partnership to Bring CAMWorks-Based Solutions for SOLIDWORKS to Manufacturing Organizations in the Southeast

TPM and Access Manufacturing announced today a partnership to bring the CAMWorks based software and training solutions to manufacturing and engineering organizations across the Southeast.

 

Greenville, SC, April 18, 2018 –(PR.com)– TPM and Access Manufacturing announced today a partnership to bring the CAMWorks based software and training solutions to manufacturing and engineering organizations across the Southeast.

With the introduction of SOLIDWORKS CAM (built on CAMWorks), this partnership brings new capabilities to offer to manufacturing customers in the Southeast. These capabilities not only cover SOLIDWORKS CAM, but also CAMWorks solutions to be able to offer a complete line of CAM Software. As the first CAM solution to offer true knowledge-based machining capabilities, CAMWorks leads the way in advancements in Automatic Feature Recognition (AFR) and Interactive Feature Recognition (IFR). CAMWorks offers true associative machining – automatically accommodating changes to the part model. This means that any modifications made to the design are automatically updated in the CAM data, which eliminates time consuming CAM system rework due to design alterations.

“For customers to maximize their investment in technology today, they must heavily rely on industry leading partners for expertise and guidance. TPM has always prided itself on being one of these partners and working alongside Access Manufacturing will only strengthen what this team can do for manufacturing and engineering organizations across the Southeast,” said Chris Fay, Vice President of TPM.

“Access Manufacturing Systems could not be happier to begin this partnership. TPM is a well-respected technology provider that will help us offer integrated CAD/CAM solutions to the manufacturing industry across the Southeast. SolidWorks & CAMWorks will be well represented by these two great organizations,” said Joe Lagennusa, Regional Sales Manager.

About:

TPM, Inc. is a leading technology company headquartered in Greenville, South Carolina. TPM is proud of its reputation of providing cutting-edge solutions to the engineering and design community for the past 40 years. Founded in 1973, by Jerry Cooper TPM Inc. serves more than 3,000 customers across the Southeast each year. Inspired by our founder, Jerry Cooper, we are committed to offering our clients the best. For more information, please visit at www.tpm.com.

Access Manufacturing Systems is the #1 CAMWorks reseller in the world and for almost 30 years, has built a reputation not only in providing outstanding products to the precision machining industry, but also ensuring each customer is trained and supported by the best applications team in the business. Access Manufacturing Systems corporate office is in Salem, NH, however has satellite offices covering the Southeast, South Atlantic, Midwest, & Mid Atlantic. For more information, please visit www.accessmfgsys.com

BDA Advises Laird and Crescendo on Sale of Model Solution to Hankook Tire

New York, NY, May 12, 2018 –(PR.com)– BDA Partners is pleased to announce that its clients, Laird PLC (“Laird”) and Crescendo Equity Partners (“Crescendo”), have agreed to divest a total 75% equity stake in Model Solution Co Ltd, a Korea – and US-based precision prototype manufacturer. The buyer is Hankook Tire Co Ltd. (“Hankook Tire”), which is based in Seoul, Korea and is the seventh largest tire company in the world.

Model Solution, with operations in both Seoul and Silicon Valley, designs and manufactures prototypes, with market leading expertise in precision prototyping, design support, tooling, low volume manufacturing and 3D printing. It services a wide range of industries, including aerospace, automotive, consumer, medical and industrial, with a diverse blue chip customer base that includes both global tech giants and unicorn start-ups.

The total consideration for the stakes being sold is KRW68.6bn (US$63.4m).

Laird will divest its entire 51% stake in Model Solution, while Crescendo will be divesting a 24% stake in this transaction. Laird and Crescendo acquired their equity stakes in April 2014.

Post-transaction, Crescendo will retain a 25% stake in Model Solution. Crescendo will remain as a partner to Model Solution and Hankook Tire, assisting the post-merger integration process. Crescendo is confident that Hankook Tire will enable further expansion of Model Solution’s product offering and customer base in the next stage of growth.

BDA acted as exclusive financial advisor to Laird and Crescendo.

Howard Lee, Managing Director and Head of BDA Seoul, said, “We are happy to have secured an excellent outcome for both of our clients, to a high quality future controlling shareholder for Model Solution. BDA has built a good track record of closing complex, cross-border transactions in the industrial technology space, across Asia and globally, driving high-multiple successful outcomes for all the relevant stakeholders.”

This divestment has no impact on the process for the acquisition of Laird by Advent International, who have been informed of the transaction.

BDA Team
Andrew Huntley, Senior Managing Director, London
Howard Lee, Managing Director, Head of Seoul office
Jonathan Aiken, Director, London
Han Kim, Director, Seoul
Hyunhee Jang, Associate, Seoul
Sungho Yang, Associate, Seoul

About Laird PLC
Laird is a global technology company providing systems, components and solutions that protect electronics from electromagnetic interference and heat, and that enable connectivity in mission-critical wireless applications and antennae systems. www.laird-plc.com

About Crescendo Equity Partners
Crescendo Equity Partners is a Korea-based private equity firm focused on blue-chip, mid-cap technology and manufacturing sector in Asia. Established in 2012, Crescendo is run by investment professionals with over 30 years of private equity experience. www.crescendoep.com

About BDA
BDA Partners is a leader in cross-border investment banking involving Asia. BDA advises on M&A and capital raising. BDA has been consistently owned and managed by the same team since 1996. BDA has a track record of providing independent advice to blue-chip corporate and financial sponsor clients from North America, Europe, and Asia. BDA is headquartered in New York with offices in London, Dubai, Mumbai, Ho Chi Minh City, Singapore, Hong Kong, Shanghai, Seoul, and Tokyo. BDA was named Investment Bank of the Year 2017 by both The M&A Advisor and ACG New York. BDA formed partnerships with William Blair & Company in 2011 and Development Bank of Japan in 2017. www.bdapartners.com

US securities transactions are performed by BDA Partners’ affiliate, BDA Advisors Inc, a broker-dealer registered with the Securities and Exchange Commission (SEC). BDA Advisors Inc. is a member of the Financial Industry Regulatory Authority (FINRA) and SIPC. In the UK, BDA Partners is authorised and regulated by the Financial Conduct Authority (FCA). In Hong Kong, BDA Partners (HK) Ltd is licensed and regulated by the Securities & Futures Commission (SFC) to conduct Type 1 and Type 4 regulated activities to professional investors.

Eric Ellsworth Joins the Air Hydro Power Sales Team

Eric Ellsworth will now be supporting the Danville, KY area as Air Hydro Power’s newest outside sales representative.

 

Danville, KY, May 16, 2018 –(PR.com)– Air Hydro Power is pleased to announce the addition of Eric Ellsworth as a new sales representative in the Danville, Kentucky area. Ellsworth has over 15 years of experience in the industry, with success in sales and technical support. He will be a great asset to Air Hydro Power and its customer base.

Along with his experience in hydraulic hose and fittings, PLC controlled hydraulics, and pneumatics, Ellsworth has participated in the research and development of prototype machinery. Ellsworth holds an Agricultural Economics degree from The University of Kentucky. With this experience, Ellsworth joins the Air Hydro Power team as an outside sales representative for the Danville, Kentucky area. This area is rich with opportunity in the agricultural machinery sector, and Ellsworth is excited to service the customers of this area.

Air Hydro Power is an industrial distributor of hydraulics, pneumatics, hose and fittings, and electrical automation products and services. Owned by Tom McGuire, Dick Beaven, and Matt Ott and headquartered in Louisville, KY, Air Hydro Power has twelve locations throughout Kentucky, Southern Indiana, and Alabama. For ten years running, Air Hydro Power has been one of the finalists in the Best Places to Work in Kentucky program.

Machining Design Introduces 5-Axis Machining Services

Leading CNC Machine shop Machining Design Ltd. have now added 5-axis machining services to its long list of offered services. This new addition was in light of the increasing demand for complex machining parts the company was experiencing.
Concord, Canada, March 09, 2018 –(PR.com)– The company is now focusing on delivering maximum versatility and high precision to the client projects. 5-axis machines are known for their single setup effectiveness in building 4D, 5D parts, which directly translates to reductions in lead-time and improved part accuracy. With 5-axis machines in place, the machine shop will now be able to offer complex, high quality lathe and milled parts.

“There was a huge demand for custom precision parts with added complexities, which compelled us to add 5-axis machines to our machining family. It’s a good addition. We’re happy to be able to deliver just what our customers need,” says Norm Grimberg, CEO and Owner of Machining Design Ltd.

About Machining Design Associated Ltd (MDA)

Machining Design Associated Ltd. is an ISO: 9001:2015 certified company dedicated to producing superior-quality CNC machined and custom metal parts to customer specifications. With a strong focus on continual improvement, our company only utilizes best-practices to ensure that the work we do for our customers is done in the most efficient, precise and cost-effective way possible.

The focus for Machining Design Associated has and always will be on developing and maintaining lasting relationships with customers. MDA is proud to be large enough to handle our customer needs yet small enough to offer the personal attention customer appreciate. After 50 years in the business, we are a recognized leader in the manufacturing of precision metal and plastic parts.

Media Contacts
Norm Grimberg
Founder and CEO
Machining Design Associated Ltd
Phone: 905-738-0070
Toronto Line: 416-632-7887
Toll Free: 1(888) 440-4435 (Outside Greater Toronto Area)
Email: machiningdesign@mdaltd.ca

Microflex Wire and Cable, Inc

MicroFlex Wire and Cable designs and manufactures custom flexible wires & cables, for companies requiring custom wiring solutions.  Their expertise is developing challenging custom wiring solutions.  Microflex Wire and Cable designs flexible wiring options for cutting edge companies in medical, robotics, aerospace, military, sensors, and a host of other industries. They have over 20 years of experience with custom wire, cable, and tubing and have been designing and manufacturing products for applications with demanding requirements such as ultra-flexibility, high voltage and high temperature.   Microflex Wire and Cable has no minimum quantities or billing and will make anything from a 10 foot prototype to a 100,000 foot production run.   Free quotes are provided within hours.    Contact Microflex Wire and Cable for more information.

Microflex Wire and Cable, Inc
2275 S. Grand Ave
Santa Ana, CA 92705
Website : microflexwire.com