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Fives Acquires Konecranes Machine Tool Service Division



(l-r) Bill Weier, Human Resources Director, Fives Machining Systems; Justin Belew, Director, Rebuild and Retrofit; Harold Schoch, Director, Aftermarket Technical Sales; Steve Thiry, President and CEO, Fives Machining Systems, Inc.; Nolan Strall, Director, Fives Machining Systems Aftermarket; and Buddy Schoch, Director, Aftermarket Sales and Support

Fives Machining Systems, Inc. a global machine tool and complete manufacturing solutions provider, has acquired Konecranes Machine Tool Service division, a provider of machine tool service. Konecranes MTS division brings nearly 40 years of experience providing a full range of preventive maintenance, rebuild, remanufacture, retrofit and repair services, as well as onsite support for all types and brands of machine tools.

The acquisition of Konecranes MTS by Fives provides customers with a greater depth of productivity solutions services for a wider range of products and industries. "Fives Machining Systems, Inc. Global Services and Konecranes MTS division are now combined into a new, larger, more comprehensive aftermarket division," said a Fives spokesperson. Konecranes MTS division has facilities located in Erlanger, KY, and Massillon, OH, both of which will remain key operating locations.

"This acquisition demonstrates Fives commitment to the machine tool and manufacturing industries. 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, President and CEO of Fives Machining Systems Inc. "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."

For more information contact:

Fives Machining Systems Inc.

2200 Litton Lane

Hebron, KY 41048

859-534-4600

www.fivesgroup.com

Konecranes Machine Tool Service

www.konecranesmts.com

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