Kongsberg has bought-out MultiCam, a US manufacturer and distributor of CNC cutters and digital finishing processes.
Stuart Fox, president of Kongsberg, said of the move: “This is a monumental day for Kongsberg and MultiCam as it represents a tremendous advantage for our businesses coming together to drive best-in-class cutting and finishing processes for our global customer base. I am excited to begin our work, integrate our businesses, and explore new markets.”
Kongsberg has operational facilities in Belgium, Czech Republic, and Norway serving Europe, the Americas and Asia. The acquisition of MultiCam, including its operations in the US and sales offices in Canada and Germany, expands Kongsberg’s market reach and creates the world’s first, diversified provider of CNC cutting machines.
MultiCam will continue to operate under the same name within Kongsberg, with CEO David Morse joining Kongsberg’s senior management team and continuing to lead the MultiCam business.
Founded in 1989, MultiCam has a global installed base of over 14,000 tables and has approximately 130 employees serving customers across a large range of verticals including industrials, manufacturing, packaging, and signage and display.