With this acquisition, the company aims to expand its automation offer for composite parts manufacturing, enlarge its range of equipment, and increase its process expertise. On Lund Engineering’s side, the acquisition will help to expand the company’s existing global reach and its field of business.
The equipment ranges of both companies are highly complementary—Fives already offers machine-tools for composite processing, while Lund Engineering designs machines for their customers’ specific use and application.
Fives intends on expanding in the aerospace industry through the acquisition, shared chairman of the executive board of fives, Frédéric Sanchez. “Our Aerospace activity will benefit from the technological daring, excellence and dynamism of the Lund Engineering teams, who develop quality equipment and solutions which are highly valued by their customers.”