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GF acquires machine tool service company in Italy

GF Machining Solutions, a division of GF, Schaffhausen (Switzerland), is acquiring one hundred per cent of Italy-based Vam Controls Srl, to strengthen its milling and automation capabilities in Europe. 

The acquisition, which closed on 15th July 2022, marks a further important step to implement GF Machining Solutions’ Strategy 2025 to strengthen its customer experience and service offerings. Vam Controls, founded in 1997 in Onore (Italy), is a service company for machine tools with 30 employees. It reported sales of €4 million in 2021.

Customer service has steadily expanded in recent years and is now one of the strategic segments for GF Machining Solutions’ future growth. With the acquisition, the company will be able to strengthen its in-house milling and field service engineers (FSE) capabilities and enhance the service and solutions offer to its customers. The acquisition will enable GF Machining Solutions to develop additional services for the European market, such as machine refurbishments and the rebuilding of key components and devices.

GF Machining Solutions is one of the world’s leading providers of complete solutions for precision components and tools manufacturers and the mould-making industry. With its solutions, the division advances energy-efficient and clean manufacturing.