M&A Deal Summary

Techniks Acquires Eide Saw & Tool Services

On January 10, 2018, Techniks acquired machinery company Eide Saw & Tool Services

Acquisition Highlights
  • This is Techniks’ 4th transaction in the Machinery sector.
  • This is Techniks’ 4th transaction in the United States.
  • This is Techniks’ 1st transaction in Minnesota.

M&A Deal Summary

Date 2018-01-10
Target Eide Saw & Tool Services
Sector Machinery
Buyer(s) Techniks
Deal Type Add-on Acquisition

Target

Eide Saw & Tool Services

Minneapolis, Minnesota, United States
Eide Saw & Tool Services, Inc. is a reseller of and service provider for carbide tipped saw blades and band saws primarily used for cutting wood and non-ferrous metals.

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Buyer(S) 1

Buyer

Techniks

Indianapolis, Indiana, United States

Category Company
Founded 1997
Sector Machinery
DESCRIPTION

Techniks is a provider of aftermarket CNC tool holders, cutting tools, and work holding solutions. TTG leverages world-class domestic manufacturing capabilities, two well-regarded brands, a global high-value supply chain, R&D technologies, and a history of innovation to service an extensive network of metalworking and industrial distributors, machine OEMs and cutting tool, manufacturers.


DEAL STATS #
Overall 4 of 5
Sector: Machinery M&A 4 of 4
Type: Add-on Acquisition M&A Deals 4 of 5
State: Minnesota M&A 1 of 1
Country: United States M&A 4 of 4
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-03 Riverside Tool

Elkhart, Indiana, United States

Riverside Tool Corp. is a provider of PCD/carbide cutting tools and sanding tools to dealers and distributors located throughout North America.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-27 Eppinger

Denkendorf, Germany

Eppinger is a designer and manufacturer of sophisticated, high-precision static and live tools, complete CNC (Computerized Numerical Control) tooling systems, rotary tables for CNC machines, and gears and gearboxes for robotics applications. The company currently has more than 53 patents underpinning a product range that includes fixed and driven tool holders and complete tool systems. The product range includes angular and coaxial gear units as well as geared motors for a wide variety of applications in automation, robotics, and mechanical engineering. Eppinger is based in Denkendorf, Germany.

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