StarragHeckert snaps up Switzerland’s SIP

“SIP serves identical target markets and customers in the aerospace industry, transportation and precision machine building. The acquisition of SIP is a key element in StarragHeckert's continued expansion of products and services for its served markets,” said Dr. Frank Brinken, president and CEO of StarragHeckert. SIP’s machining centres are positioned in a precision class above the existing StarragHeckert high-precision product range. The integration of SIP, founded in 1862 in Geneva, will strengthen the market position of the entire StarragHeckert group and the merger will lead to synergies in the research and development, sales, customer services, supply chain and administration, said the company. The sales and service companies of StarragHeckert and SIP in the USA and in China will merge shortly under a common management. StarragHeckert has signed a long-term lease for the existing high-tech manufacturing property and will continue the production and assembly of ultra-precise machining centres in Geneva. StarragHeckert includes production plants in Chemnitz, Germany (Heckert); Rorschacherberg, Switzerland (Starrag); Geneva, Switzerland (SIP) and Aylesbury, UK (TTL), as well as sales and service companies in China (Beijing and Shanghai); USA (Cincinnati, KY, and Laguna Hills, CA); France, the UK and Russia.