Allied Machine & Engineering acquires Wohlhaupter

09.2016: The US based Allied Machine & Engineering Corp. acquires the majority of the shares of German based Wohlhaupter GmbH, a manufacturer of precision tool systems for machining centers and millturns, facing and boring heads, grooving heads, clamping tools and customized solutions for boring operations. The acquisition will result in a highly coveted partner along the complete process chain in the field of professional holemaking solutions. In the course of succession and to guarantee a successful upgrowth and internationalization of Wohlhaupter GmbH the shareholders have decided on selling the majority of their shares to a strategic partner. This capital infusion is the essential requirement for a successful transition of the growth- and investment plan as well as to secure the future of / or even expand the plant.