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Indianapolis-based Hurco Companies, Inc. (Nasdaq: HURC), a manufacturer of machine tools with integrated control technologies, has acquired the machine tool component business of Italian manufacturer LCM Srl. LCM manufactures high-end electro-mechanical components and accessories for machine tools.
"This strategic acquisition of an innovative business such as LCM further supports our mission to develop advanced machine tool technologies to support our customers, who need increasingly sophisticated and versatile CNC machine tools to stay competitive and to grow profitability," said Gregory Volovic, president of Hurco Companies.
Hurco designs and produces interactive computer controls, software and computerized machine tools for the worldwide metal cutting and metal forming industry. Hurco has manufacturing operations in Taiwan, China and Italy, and sells its products through direct and indirect sales forces throughout North America, Europe, and Asia.