Fives buys Konecranes Machine Tool Service division

Jan. 9, 2018 – Fives Machining Systems, a global machine tool and manufacturing solutions provider, has acquired Konecranes Machine Tool Service (MTS) division, a provider of machine tool service.

Konecranes MTS division brings nearly four decades of experience providing preventive maintenance, rebuild, remanufacture, retrofit and repair services, as well as onsite support for machine tools. It has facilities located in Erlanger, Ky., and Massillon, Ohio.

According to the parties, the acquisition will provide customers with a greater depth of productivity solutions services for a wider range of products and industries. Fives Machining Systems Global Services and Konecranes MTS division are now combined into a new comprehensive aftermarket division.

“Our mission is to be the primary service and solutions 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, Fives president and CEO. “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.”