Hardinge - M&A Summary, Ownership, and Business Overview

MachineryCompany

Hardinge M&A Summary

Hardinge has acquired 6 companies of its own, including 2 in the last 5 years. A total of 2 acquisitions came from private equity firms.

Hardinge’s largest acquisition to date was in 2013, when it acquired Illinois Tool Works - Forkardt Operations for $34M. Hardinge has acquired in 2 different US states, and 3 countries. The Company’s most targeted sectors include machinery (84%) and manufacturing (17%).

Hardinge Ownership

Who owns Hardinge?

Hardinge is owned by Privet Fund. It was acquired on May 28, 2018.

Is Hardinge PE-backed?

Yes. Hardinge is owned by private equity investor Privet Fund.

Hardinge Business Overview

Where is Hardinge headquartered?

Hardinge is headquartered in Elmira, New York.

What is Hardinge’s revenue?

Hardinge disclosed revenue of 315M USD for 2015 and 311M USD for 2014.

How many employees does Hardinge have?

Hardinge has 1,496 employees.

What sector is Hardinge in?

Hardinge is a machinery company.

When was Hardinge founded?

Hardinge was founded in 1890.

M&A Summary

  • M&A Total Activity6
    • M&A Buy Activity6
  • Total Sectors Invested 2
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 4

Hardinge

Hardinge, Inc.

One Hardinge Drive,
Elmira, New York 14902
United States,
(607) 734-2281
www.hardinge.com

Hardinge is a global provider of high precision, computer-controlled machine tool solutions for critical, hard-to-machine metal parts and advanced workholding accessories. Hardinge offers a variety of metal cutting turning machines, grinding machines, machining centers, collets, chucks, index fixtures, repair parts, standard and specialty workholding devices, and other machine tool accessories to provide a full solution for your business needs. Hardinge’s solutions can be found in a broad base of industries including aerospace, agricultural, automotive, construction, consumer products, defense, energy, medical, technology and transportation. Hardinge is based in Berwyn, Pennsylvania.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.4/yr) # 4 - 2 - - - 6
vol $34M $34M
Sell (0.0/yr) # - - - - - - 0
  6

Most Recent M&A

Company Date Value Type
Ohio Tool Works LLC 2021-08-31 - Add-on Acquisition
Ashland, Ohio · www.ohiotoolworks.com
J.G Weisser GmbH & Co. KG 2021-07-20 - Add-on Acquisition
St. Georgen, Germany · www.weisser-web.com
Peter Wolters - Voumard Internal Diameter 2014-09-09 - Divestiture
, Germany
Illinois Tool Works - Forkardt Operations 2013-05-09 34M USD Divestiture
, Germany
Hardinge Taiwan Precision Machinery Ltd. 2005-12-27 - Add-on Acquisition
Nan Tou City, Taiwan
Bridgeport Machines, Inc. 2004-11-03 - Add-on Acquisition
Bridgeport, Connecticut · www.bpt.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Machinery 5 (83%) 34M (100%) - -
Manufacturing 1 (17%) - - -
Total 6 $34M - -

By Geo

State/Country Buy Value Sell Value
Germany 3 34M - -
United States 2 - - -
  Ohio 1 - - -
  Connecticut 1 - - -
Taiwan 1 - - -
Domestic 2 (33%) - - -
Cross-border 4 (67%) 34M (100%) - -
Total 6 $34M - -

Deal Values

buy # Total
< $100M 1 $34M
TOTAL $34M
Largest Illinois Tool Works - Forkardt Operations
$34M (2013-05-09)

M&A Connections

Deals
Acquired from
Investor(s)
33%
2 (33%)
Strategic(s)
33%
2 (33%)

Company Summary

SECTOR

Machinery

Revenue

315   2% 2015
311   6% 2014
329   2% 2013
334   2012
(millions of USD) Show More Show Less

Employees

1,496

Established

1890

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