(l-r) Koldo Arandia, President and CEO of IBARMIA, and David Modig, President and CEO of MODIG
MODIG, a manufacturer of machining solutions for high productivity and automation applications, and IBARMIA, a manufacturer of customized and flexible machining centers, announced the signature of a strategic partnership. In support of the alliance, MODIG will take a substantial minority stake in the capital of IBARMIA.
This strategic partnership aims to bolster both companies' geographical and sectoral presence, fostering new growth opportunities and synergies for both. The parties will also explore synergies in manufacturing.
"MODIG and IBARMIA share a passion for innovation and excellence in manufacturing. We are excited to combine our strengths and expertise, delivering even greater value to our customers," said David Modig, President and CEO at MODIG.
"IBARMIA is excited to partner with MODIG, an innovative leader in advanced manufacturing solutions," said Koldo Arandia, President and CEO at IBARMIA. "This alliance will fuel IBARMIA's growth, expand our capabilities and accelerate the development of cutting-edge machining solutions for our global customers."
MODIG's expertise in aeronautics and automotive industries, combined with its capacities in automation and robotics, enables it to deliver customized solutions that optimize productivity and efficiency to first level OEM and Tier companies.
IBARMIA serves a diverse range of industries, including capital goods, energy and aerospace.
For more information contact:
MODIG Machine Tool US Inc.
208 S Commerce
Wichita, KS 67202
316-364-3182
modigus@modig.se
www.modig.se
IBARMIA
www.ibarmia.com