Switzerland-based LNS Group acquired the assets of Yoshida Tekko KK, a Japanese machine builder it said would complement its line of bar-feeding and conveying systems. No purchase price has been released. Yoshida products will continue to be manufactured and supplied for the Japanese market, and for export, and the LNS products will be offered to complement those offerings in Japan. Also, LNS will add Yoshida’s high-end filtration technology and large conveyor systems to its offerings for the U.S. and European markets.
“We want to optimize the material flow and enhance productivity and efficiency for our customers, from the start to the finish of the production cycle,” stated LNS Group CEO Thomas Boehmer. “The Yoshida products, such as conveyors and high-performing coolant filtration units, will complement the product range of the LNS Group.”
“Driven by the same strong mutual desire to serve customers, Yoshida is known for its innovative technology and ability to solve difficult application issues,” Boehmer said. “Our goal is to leverage our global sales network to realize Yoshida’s dream of a truly global presence for these technologies.”
With the addition of Yoshida Tekko, LNS Group will have nine production plants and 800 employees, worldwide. It said the acquisition gives it a base to introduce new products to the Japanese market, and to expand its position supplying bar feeders in Southeast Asia. LNS already has manufacturing plants in Taiwan and China.