Machine tool designer/builder Seiki Co. Ltd. reports it will handle sales and service Gildemeister AG (DMG) machine tools in Japan, following a recent distribution agreement.
Earlier this year, Mori Seiki and DMG established a cross-shareholding arrangement to promote their respective global business activities. With an exchange of investments that delivered a 5% ownership stake to each partner, Mori Seiki became the largest single shareholder in DMG. As explained in March, their plan is to control costs globally by leveraging the joint procurement and purchasing power of the two major machine tool builders.
Also at that time, Mori Seiki and DMG stated that their cooperation might extend to production, purchasing and development of machines, as well as sales and services in selected markets.
As of October 1, Mori Seiki will handle sales and service activities in Japan for both companies’ products.
“Based on the skills and expertise transferred from DMG Nippon, Mori Seiki will also take care of servicing DMG machines in the field and fulfilling customers’ requests such as after-sales service, spare parts or training,” it stated in a release.
Mori Seiki is holding a DMG / MORI SEIKI Private Show 2009 at the Iga campus, September 10-12.