Siemens Laserworks - Ownership and Business Overview

Metals/miningCompany

Siemens Laserworks Ownership

Who owns Siemens Laserworks?

Siemens Laserworks is owned by Russel Metals. It was acquired on May 1, 2012.

Siemens Laserworks Business Overview

Where is Siemens Laserworks headquartered?

Siemens Laserworks is headquartered in Saskatoon, Saskatchewan.

How many employees does Siemens Laserworks have?

Siemens Laserworks has 300 employees.

What sector is Siemens Laserworks in?

Siemens Laserworks is a metals/mining company.

When was Siemens Laserworks founded?

Siemens Laserworks was founded in 1996.

Metals/mining M&A Summary in 2012

Out of 60 sectors in the Mergr database, metals/mining ranked 26 in number of deals in 2012. The largest metals/mining acquisition in 2012 was Titanium Metals - which was acquired by Precision Castparts for $2.9B.

Join Mergr to view all 77 acquisitions of metals/mining companies in 2012, including 11 acquisitions by private equity firms, and 66 by strategics.

Siemens Laserworks, Inc.

503 50th Street,
Saskatoon, Saskatchewan S7K 6H3
Canada,
(306)244-7511
www.siemenslaser.com

Siemens Laserworks, Inc. (the “Company”), based in Saskatoon, Saskatchewan, is a specialist fabricator in laser cutting, braking, punching, machining, welding, alodine surface finishing and EMI gasket deposition services. The Company’s primary production focus centered on lean manufacturing concepts: the use of direct-flow manufacturing, Just-In-Time (JIT) production, Vendor-Managed inventory (VMI), Kanban replenishment and sequenced kit production. The Company is the low-cost provider of JIT, specialty steel fabrication services in Western Canada. The operational restructuring plan included a growth strategy to fill increasing demand, a new sales and marketing strategy. The implementation of the plan increased cash flow two-fold in the first year.


Company Summary

SECTOR

Metals/Mining

Employees

300

Established

1996

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