Kongsberg PCS acquires CNC specialist MultiCam
Monday, August 23, 2021
Kongsberg Precision Cutting Systems (Kongsberg PCS) has acquired MultiCam, a US manufacturer and distributor of CNC cutting machines and digital finishing processes.
The acquisition was completed today (23 August) and includes MultiCam’s operations in the US and sales offices in Canada and Germany.
Kongsberg PCS said the deal expands its market reach and customer base across North America and Europe, and “creates the world’s first diversified provider of digital finishing and CNC cutting machines”.
Kongsberg PCS president Stuart Fox said: “This is a monumental day for Kongsberg and MultiCam. Our businesses coming together to drive best-in-class cutting and finishing processes will deliver a tremendous advantage for our global customer base.
“Following the completion of the deal I am now excited to begin integrating our businesses and exploring new markets.”
OpenGate Capital partner Julien Lagrèze said: “We recognised the importance of digitisation for this business and developed an investment thesis that includes the growth of Kongsberg PCS through innovation and add-on investments.
“With this strategic combination, Kongsberg PCS gains greater scale, and expands its reach to a broader, global customer base with new products and services.”
Founded in 1989, MultiCam supplies CNC cutting systems for a raft of industries and applications ranging from signmaking to digital finishing, aerospace to automotive, sheet-metal to plate-steel processing, hardwoods to cabinet making, and thermoform trimming to plastics fabrication.
All of MultiCam’s staff have been kept on as part of the deal and the business will remain at its current premises in Dallas-Fort Worth, Texas.
The company will continue to operate under the MultiCam name within Kongsberg PCS, with its CEO David J Morse joining the Kongsberg PCS senior management team and continuing to lead the MultiCam business.
“At Kongsberg PCS, we are excited to develop and expand the product portfolio and to create new opportunities to grow our tooling and consumables offering,” said Fox.
“In addition to strengthening our hardware offering, we are also planning routes into new markets, in areas we know are currently not catered for and will benefit from our market-leading solutions.
“MultiCam has extraordinary market reach with its range of CNC routers, laser, plasma, waterjet and knife cutting machines, and we are thrilled to now welcome MultiCam to the Kongsberg family.”
Morse added: “At MultiCam, we have worked for over 30 years to diligently build a world-class organisation in the focused cutting arenas of routing, fabrication and digital finishing.
He said the MultiCam brand was “synonymous with quality, durability and ease of use”.
“We are very pleased to join forces with Kongsberg who has built an outstanding global brand and culture that align directly with what we have built at MultiCam.
“It has always been my goal to provide the necessary scale to MultiCam to truly become one of the top global cutting companies in all three categories of CNC cutting. Combining Kongsberg’s 50 years of outstanding history in digital finishing and over 12,000 machines installed, together with MultiCam’s 14,000-plus installed machines, strengthens our position in the global market.
“I look forward to working side by side with the great leadership team at Kongsberg to build a world class global cutting solution provider. Together we are stronger.”
Separately, Kongsberg PCS has appointed Wim Brunsting (below) as sales director for its business across the EMEA region.
Brunsting: delighted to be joining
Joining from Canon Production Printing, where he was sales operations manager, qualified engineer Brunsting will be responsible for managing and overseeing the Kongsberg PCS sales team operating throughout the EMEA region, which covers territories across mainland Europe, Scandinavia, the Balkans, Baltics, the Middle East, and into Africa.
“I am delighted to be joining Kongsberg PCS at such an exciting time in its history,” said Brunsting.
“This is a great opportunity to work with a strong, respected brand and a trusted company that clearly has ambitions for growth.”