Trumpf buys Italian panel bending machine maker Codatto
Sheet metalworking machine and laser expert Trumpf completed the purchase of Italian firm Codatto, a manufacturer of panel bending machines, last November.
"With this acquisition, we are once again expanding our product range by adding an important bending technology. It will appeal to new groups of customers and will offer new options to existing clients," said Dr Mathias Kammüller, head of the Trumpf Machine Tool Division. "Thanks to integrating these machines into our bending product group, and supported by Trumpf's good international renown, we are expecting this new subsidiary to experience a marked increase in returns in the next few years."
Codatto is located in the small northern Italian town of Lonigo, not far from Vicenza. It employs a staff of 40 and in the 2012 business year reported sales of about €5 million. Its panel bending machines complement Trumpf press brakes, offering advantages when dealing with larger panels, leaving virtually no blemishes on the material.
