Fives Acquires Konecranes Machine Tool Service Division

Fives Machining Systems, Inc. (Hebron, KY) a global machine tool and complete manufacturing systems provider, has acquired the Machine Tool Service division of Konecranes, Inc. (Springfield, OH), one of the leading suppliers of machine tool service in the U.S. Konecranes MTS division brings nearly 40 years of experience in providing a full range of preventive maintenance, rebuild, remanufacture, retrofit and repair services, as well as onsite support for all types and brands of machine tools.

This acquisition provides users of Fives systems with a greater depth of productivity services for a wider range of equipment and industries. Fives Machining Systems, Inc. Global Services and Konecranes MTS division are now combined into a new, larger and more comprehensive aftermarket division. Konecranes MTS division has facilities located in Erlanger, KY, and Massillon, OH, both of which will remain key operating locations.

“This acquisition demonstrates our commitment to the machine tool and manufacturing industries. Our mission is to be the primary service and systems provider for productivity enhancements and service support to aerospace and industrial manufacturers for the full range of machine tools in their facilities,” said Steve Thiry, the president and chief executive officer of Fives Machining Systems. “For our customers, this means a broader range of machines that can serviced by some of the most talented machine tool specialists, control engineers, alignment/calibration experts in the industry. Customers will no longer need to rely on multiple service providers, eliminating potential downtime due to scheduling and coordination conflicts. This is an exciting expansion of our solutions capability!”

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