Fives expands its offer in tube and pipe machinery
Fives, a global industrial engineering group, has acquired the intellectual property (IP) and know-how of Italy’s Imec Engineering’s Tube and Pipe division.
The acquired portfolio covers the technological expertise in four segments of Imec Engineering: polishing, finishing, packaging and handling in the steel and energy sectors. It will highly complement the Fives’ offer which covers engineering, manufacturing, supply and installation of custom engineered machines under the historical names of Abbey, Bronx, OTO and Taylor-Wilson to process seamless and welded tube and pipe products.
The purchase of the IP and know-how is a key step in enlarging Fives’ offer in stainless steel machinery and strengthening its global offer for the mechanical, structural and automotive tubing markets.
Stefano Olcese, Head of Tube and Pipe business line of Fives, said, “The acquisition will enable us to provide complete customized solutions to tube manufacturers worldwide and cement our position as a supplier of choice from start to finishing.”