Hurco Acquires Italian Machine Tool Business

Hurco Companies Inc. acquired the machine tool component business of LCM Srl, a designer and manufacturer of electro-mechanical components and accessories for machine tools.

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Hurco Companies Inc. acquired the machine tool component business of LCM Srl, a designer and manufacturer of electro-mechanical components and accessories for machine tools.

Gregory Volovic, president of Hurco, says, “This strategic acquisition of an innovative business such as LCM further supports our mission to develop advanced machine tool technologies to support our customers, who need increasingly sophisticated and versatile CNC machine tools to stay competitive and to grow profitability. LCM has been an important supplier of components for us as we developed and introduced our SRT line of five-axis machining centers that employs LCM’s direct drive spindle, swivel head and rotary torque table to achieve superior simultaneous five-axis machining. This acquisition will prove vital to our targeted growth plan, which supports the financial strength of our company, ensures product development agility, and will foster an expansion of LCM’s line of high-quality value-added technologies.”