GF Machining Solutions to Acquire Symmedia
The purchase is intended to be a key move in furthering the company’s digital strategy in the age of Industry 4.0.
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In line with its digitizing strategy, GF Machining Solutions will purchase 100 percent of the shares of Symmedia GmbH (Bielefeld, Germany). The privately-owned company has been specializing in software for machine connectivity solutions for the past 20 years.
GF Machining Solutions says the secure interconnection of machines is the basis of the future development of industrial processes, commonly described as Industry 4.0, and Symmedia is a key player in factory digitalization.
Symmedia was established in 1997. Today it employs 60 people and has equipped more than 15,000 machines in various industries worldwide with its software. The company will continue to support and develop connectivity solutions for all types of machines and factory equipment. In addition, GF Machining Solutions will use Symmedia technology to accelerate its digital transformation by offering complete solutions for factory connectivity in industrial environments.
Symmedia will continue to operate under its current management from its Bielefeld base. Both parties have agreed not to disclose any financial details.
“This new partnership will also allow us to speed up and widen the range of the digital solutions we offer to our customers,” says Yves Serra, CEO of Georg Fischer, parent company of GF Machining Solutions.
Peter Barkowsky, cofounder and managing director of Symmedia adds, “Our customers are machine manufacturers who provide services in textiles, pharmaceuticals, food, electronics, plastics, printing, tooling and other industries. As a member of the GF family we will be able to deepen the cooperation with our global customers but also to help GF to accelerate its digital transformation.”
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