Biesse acquires Italian CNC machinery maker Uniteam
Uniteam

PESARO, Italy - Biesse S.p.A. announced it will acquire CNC equipment maker Uniteam S.p.A., giving the diversified machinery manufacturer entry into the wood construction market. Biesse, which specializes in systems for the woodworking/panel processing, glass, stone and composite material markets, said the acquisition will also help broaden the group's presence in the advanced materials and composites sectors.

Terms of the deal, announced May 19, include a cash investment of $2.35 million (euro $2.1 million)  upon signing, plus an earn-out payment up to an $560,000 (euro $500,000) based on achieving prescribed targets. The deal is for 100 percent of the Thiene (VI), Italy-based firm.

Founded in 1991, Uniteam specializes in the design and production of multi-axis work centers for the wood construction sector, interior woodworking including furniture, windows and stairs, and for advanced materials processing with special applications ranging from the automotive sector to the bio-medical, nautical and aerospace sectors.

According to information from Biesse Group, the company currently has approximately 3,300 employees in its main production sites in Pesaro, Alzate Brianza, Bangalore, Dongguan and associates/branch offices in Europe, North America, Latin America the Middle East, Asia and Australia. In North America, Biesse can be reached at (877) 824-3773 or visit Biesse.com.

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Karen Koenig | Editor

Karen M. Koenig has more than 30 years of experience in the woodworking industry, including visits to wood products manufacturing facilities throughout North America, Europe and Asia. As editor of special publications under the Woodworking Network brand, including the Red Book Best Practices resource guide and website, Karen’s responsibilities include writing, editing and coordinating of editorial content. She is also a contributor to FDMC and other Woodworking Network online and print media owned by CCI Media. She can be reached at [email protected]