It follows the strategic partnership jointly agreed by the two companies last November.
Active on the market since 2001 and headquartered in Cazzago San Martino, TTM Laser has modern production facilities, 40 employees and achieved a turnover of approximately 14 million euro in 2017.
In the five months since the partnership agreement was instigated, positive feedback from customers has shown that there is a strong demand in many markets for even closer collaboration between the companies.
For the time being, TTM Laser will continue as a brand and will be known as a member of Bystronic. Fiorenzo Castellini, the current CEO of TTM Laser, will retire and hand over the responsibility to the remaining management team.
Bystronic CEO Alex Waser says: “With the fusion of Bystronic and TTM Laser, our customers are gaining access to a unique range of technologies and innovations for their sheet metal processing requirements from a single source. TTM Laser’s know-how and technology portfolio ideally complement Bystronic’s existing products with world-class systems for tube and profile processing. The goals of the takeover are to jointly push forward innovative, versatile manufacturing solutions and to provide an enhanced range of services.”
