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Amada HD makes European manufacturer of automated equipment for sheet metal cutting machines a wholly owned subsidiary

February 4, 2020

Amada HD made LKI Käldman, a manufacturer of automated equipment for sheet metal cutting machines in Finland, a wholly owned subsidiary on January 31, 2020. The stake was raised from 40% to 100%. Following this, LKI will change its name to AMADA AUTOMATION EUROPE on April 1, 2020. In the sheet metal processing industry, demand for fiber laser machines is rapidly expanding due to higher output of oscillators and advanced laser technology. The company has converted a local manufacturer into a wholly owned subsidiary to meet this demand. The company will double its production capacity for automated equipment by FY2022 by consolidating the two factories into one location after April 2020 to expand its facilities. The company will start producing automation equipment for punch and fiber laser combined machines in October 2020.

This article was translated by “T-4OO”.

Related Topics

subsidiary

Finland

Amada HD

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