TRUMPF team up with JFYPosted on February 28, 2017 by Wickman Machinery, in News
TRUMPF have recently acquired a 72% stake in prestigious Chinese manufacturing Tool Company, JFY, which will enable TRUMPF to expand into China, giving them access to this extremely dynamic segment.
“Acquisition of this prestigious Chinese company is strengthening our presence in the world’s most important mechanical engineering market,” said TRUMPF President Nicola Leibinger-Kammüller. “It is very unusual that a direct investment like this has been made possible for us, as a medium-sized company – and especially in mechanical engineering, which the Chinese government has classified as a key sector.”
Read more about it here.