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December 2015

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Tongtai Machine & Tool Group Acquires Majority Stake in Anger Machining GmbH



To strengthen its presence in automotive machining markets, the Tongtai Machine & Tool Group has acquired a 76 percent stake in the holding company of Austrian transfer center machine builder Anger Machining GmbH. Tongtai is an OEM partner of Absolute Machine Tools, Inc.

Anger Machining, headquartered in Austria with subsidiaries in Germany, Japan and Ann Arbor, MI, custom designs, builds and programs high-performance transfer centers to meet customer's specific partmaking needs. The machines are engineered to provide short cycle times and maximize output in mass production environments. The transfer centers' design permits multiple tools to work on a part simultaneously. Available automation technology including gantry loaders, robots and conveyors is fully integrated through FANUC, Siemens and HMI CNC systems using Autorace software.

"The partnership of Tongtai, Anger and Absolute Machine Tools will comprehensively serve customer needs for service, parts and application engineering support for the high-end Anger' transfer centers," said a company spokesperson.

For more information contact:

Courtney Ortner

Absolute Machine Tools, Inc.

7420 Industrial Parkway

Lorain, OH 44053

800-852-7825 / 440-960-6911

sales@absolutemachine.com

www.absolutemachine.com

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