GF acquires machine tool service provider Vam Control
July 27, 2022
GF Machining Solutions, a division of GF, Schaffhausen, Switzerland, has announced that it has acquired 100% of Vam Control S.r.l., a machine tool service provider based in Onore, Italy. The acquisition closed on July 15, 2022, and is said to be a further step in line with the company’s Strategy 2025, which aims to strengthen its milling and automation capabilities and expand its service offering in Europe.
Founded in 1997, Vam Control specialises in services for machine tools and currently has thirty employees. The company reported sales of €4 million in 2021. GF Machining Solutions is one of the three divisions of GF and provides solutions for precision components, tools manufacturers and the mould-making industry. Founded in 1802, the corporation operates in thirty-four countries with 139 companies, sixty-one being production facilities. GF employs over 15,000 staff and generated sales of CHF 3,722 million in 2021.
GF Machining Solutions explains that customer service has expanded in recent years and is now one of the strategic segments for the company’s future growth. With the acquisition, the company anticipates that it will be able to strengthen its in-house milling and Field Service Engineers (FSE) capabilities and enhance the service and solutions offered to its customers. The acquisition will reportedly enable it to develop additional services for the European market, such as machine refurbishments and rebuilding key components and devices.