Walter and HELLER Sign Partnership Agreement

Walter AG and Gebr. Heller Maschinenfabrik GmbH recently entered into a technology and development partnership. The collaboration focuses on integrated customer solutions for the machining industry. The companies aim to test, optimize and market their products through the joint development of sustainable machining processes.

The two CEOs of the Baden-Württemberg, Germany-based companies are looking forward to working closely together and believe this is a win-win strategy. HELLER CEO Dr Thorsten Schmidt said, "Walter is an excellent technology partner with extensive tooling expertise and a wealth of experience in machining. In addition, Walter provides the necessary tooling technology to give HELLER's customers a direct productivity advantage in metalcutting. Together with the strengths that HELLER brings to the table, we are able to forge a strong partnership in the areas of development and technology."

According to Christoph Geigges, President of Walter, both companies will clearly benefit from working together: "We see many opportunities in working with HELLER, as they have the knowledge and experience in setting up and machining various workpieces, as required. Together with our large assortment of cutting tools, we can provide the ideal package for customers. To work with HELLER on specific application projects, covering components in the automotive and aerospace industries around the world, is an exciting development that will bring benefits for all parties."

Walter has held a strong partnership with HELLER for many years, both as a customer and as a supplier. Several HELLER machines are already in use at Walter's technology centers and production facilities.

For more information contact:

HELLER Machine Tools

1225 Equity Drive

Troy, MI 48084

248-561-5111

www.heller-us.com

Walter USA LLC

1510 S Batesville Rd.

Greer, SC 29650

800-945-5554

www.walter-tools.com/us