|By Business Wire||
|June 6, 2014 05:02 PM EDT||
Lapmaster Group Holdings LLC, a leading supplier of high-precision equipment and services for lapping, polishing, grinding, and honing, announced today that it has acquired Peter Wolters GmbH, a provider of machine tools and systems for high-precision surface processing. Headwaters MB, a middle market investment banking firm, advised Lapmaster on the transaction.
“This merger of complementary market leaders will create an even stronger global player with unparalleled technical capabilities in the industry,” said Brian Nelson, President and CEO of Lapmaster. “The team of 600 professionals in the combined entity will provide the level of service and support that customers have come to expect from Lapmaster and Peter Wolters across Europe, Asia and the Americas. Headwaters served as an invaluable advisor to Lapmaster in developing an attractive financing package during our acquisition of Peter Wolters.”
Len LaPorta, Managing Director in Headwaters MB’s Industrials practice, added, “Lapmaster and Peter Wolters have complementary product offerings across single- and double-sided finishing services. Their ability to together provide the widest range of the latest technology at competitive prices will help them continue their growth in their domestic markets as well as Asia and Latin America.” Phil Seefried, Founder & CEO of Headwaters MB, added, “These two companies belong together. Their market position both in terms of product specialties and geographic coverage are a perfect match.”
CEO of Peter Wolters, David Celli, further commented, “This combination provides a clear choice for end-users globally that require micron-level surface finishing solutions for the most stringent and demanding applications in consumer electronics, prime wafer and general industries. We look forward to working together over the coming years.”
Since 1948, Lapmaster has solved the most challenging precision surfacing problems. With over 65 years of experience, Lapmaster has a proven history of successfully developing cost effective processing solutions for virtually any application. Terms of the acquisition were not disclosed.
Lapmaster International is an industry leader in precision surfacing solutions. Since 1948, Lapmaster has a proven history of successfully developing cost effective processing solutions for the fine grinding, advanced materials, precision optics, bore honing and finishing, lapping/polishing and metallographic markets through an expanding network of sales and services offices located throughout the world. The Company’s 30,000 installed systems across 5,000+ customers utilize micron-sized abrasive particles to remove microscopic material for various end-user precision finishing applications. Lapmaster is headquartered outside Chicago, IL, employing over 250 people across six manufacturing facilities on three continents. For more information, visit http://www.lapmaster.com/.
About Peter Wolters
Peter Wolters is a leading supplier of high-precision machine tools and systems for surface processing of a variety of different types of work pieces. The company was founded in 1804 in Mettman, Germany, as a manufacturer of equipment for the cotton processing industry before ultimately becoming a leading participant in the surface finishing industry. Since 1974, the Company has been headquartered in Rendsburg, Germany. For more information, visit http://www.peter-wolters.com/.
About Headwaters MB
Headwaters MB is an independent, middle-market investment banking firm providing strategic merger and acquisitions, corporate finance services and merchant banking through proprietary sources of capital. Headwaters is headquartered in Denver, CO, with 6 regional offices across the United States and partnerships with 16 firms covering 25 countries. For more information, visit http://www.headwatersmb.com/ and keep up with us on Twitter at http://twitter.com/brendanburke.
DevOps is all about agility. However, you don't want to be on a high-speed bus to nowhere. The right DevOps approach controls velocity with a tight feedback loop that not only consists of operational data but also incorporates business context. With a business context in the decision making, the right business priorities are incorporated, which results in a higher value creation. In his session at DevOps Summit, Todd Rader, Solutions Architect at AppDynamics, discussed key monitoring techniques...
Nov. 27, 2014 12:30 PM EST Reads: 913
Some developers believe that monitoring is a function of the operations team. Some operations teams firmly believe that monitoring the systems they maintain is sufficient to run the business successfully. Most of them are wrong. The complexity of today's applications have gone far and beyond the capabilities of "traditional" system-level monitoring tools and approaches and requires much broader knowledge of business and applications as a whole. The goal of DevOps is to connect all aspects of app...
Nov. 27, 2014 12:30 PM EST Reads: 646
The 4th International DevOps Summit, co-located with16th International Cloud Expo – being held June 9-11, 2015, at the Javits Center in New York City, NY – announces that its Call for Papers is now open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's large...
Nov. 27, 2014 12:00 PM EST Reads: 1,585
15th Cloud Expo, which took place Nov. 4-6, 2014, at the Santa Clara Convention Center in Santa Clara, CA, expanded the conference content of @ThingsExpo, Big Data Expo, and DevOps Summit to include two developer events. IBM held a Bluemix Developer Playground on November 5 and ElasticBox held a Hackathon on November 6. Both events took place on the expo floor. The Bluemix Developer Playground, for developers of all levels, highlighted the ease of use of Bluemix, its services and functionalit...
Nov. 27, 2014 12:00 PM EST Reads: 806
When an enterprise builds a hybrid IaaS cloud connecting its data center to one or more public clouds, security is often a major topic along with the other challenges involved. Security is closely intertwined with the networking choices made for the hybrid cloud. Traditional networking approaches for building a hybrid cloud try to kludge together the enterprise infrastructure with the public cloud. Consequently this approach requires risky, deep "surgery" including changes to firewalls, subnets...
Nov. 27, 2014 11:45 AM EST Reads: 898
Want to enable self-service provisioning of application environments in minutes that mirror production? Can you automatically provide rich data with code-level detail back to the developers when issues occur in production? In his session at DevOps Summit, David Tesar, Microsoft Technical Evangelist on Microsoft Azure and DevOps, will discuss how to accomplish this and more utilizing technologies such as Microsoft Azure, Visual Studio online, and Application Insights in this demo-heavy session.
Nov. 27, 2014 11:45 AM EST Reads: 911
The Internet of Things will greatly expand the opportunities for data collection and new business models driven off of that data. In her session at @ThingsExpo, Esmeralda Swartz, CMO of MetraTech, discussed how for this to be effective you not only need to have infrastructure and operational models capable of utilizing this new phenomenon, but increasingly service providers will need to convince a skeptical public to participate. Get ready to show them the money!
Nov. 27, 2014 11:00 AM EST Reads: 1,175
The Internet of Things will put IT to its ultimate test by creating infinite new opportunities to digitize products and services, generate and analyze new data to improve customer satisfaction, and discover new ways to gain a competitive advantage across nearly every industry. In order to help corporate business units to capitalize on the rapidly evolving IoT opportunities, IT must stand up to a new set of challenges. In his session at @ThingsExpo, Jeff Kaplan, Managing Director of THINKstrateg...
Nov. 27, 2014 10:00 AM EST Reads: 1,137
SYS-CON Media announced that Centrify, a provider of unified identity management across cloud, mobile and data center environments that delivers single sign-on (SSO) for users and a simplified identity infrastructure for IT, has launched an ad campaign on Cloud Computing Journal. The ads focus on security: how an organization can successfully control privilege for all of the organization’s identities to mitigate identity-related risk without slowing down the business, and how Centrify provides ...
Nov. 27, 2014 10:00 AM EST Reads: 1,263
"We help companies that are using a lot of Software as a Service. We help companies manage and gain visibility into what people are using inside the company and decide to secure them or use standards to lock down or to embrace the adoption of SaaS inside the company," explained Scott Kriz, Co-founder and CEO of Bitium, in this SYS-CON.tv interview at 15th Cloud Expo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Nov. 27, 2014 08:45 AM EST Reads: 1,193
"SAP had made a big transition into the cloud as we believe it has significant value for our customers, drives innovation and is easy to consume. When you look at the SAP portfolio, SAP HANA is the underlying platform and it powers all of our platforms and all of our analytics," explained Thorsten Leiduck, VP ISVs & Digital Commerce at SAP, in this SYS-CON.tv interview at 15th Cloud Expo, held Nov 4-6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Nov. 27, 2014 08:15 AM EST Reads: 1,249
One of the biggest challenges when developing connected devices is identifying user value and delivering it through successful user experiences. In his session at Internet of @ThingsExpo, Mike Kuniavsky, Principal Scientist, Innovation Services at PARC, described an IoT-specific approach to user experience design that combines approaches from interaction design, industrial design and service design to create experiences that go beyond simple connected gadgets to create lasting, multi-device exp...
Nov. 27, 2014 08:00 AM EST Reads: 1,125
SAP is delivering break-through innovation combined with fantastic user experience powered by the market-leading in-memory technology, SAP HANA. In his General Session at 15th Cloud Expo, Thorsten Leiduck, VP ISVs & Digital Commerce, SAP, discussed how SAP and partners provide cloud and hybrid cloud solutions as well as real-time Big Data offerings that help companies of all sizes and industries run better. SAP launched an application challenge to award the most innovative SAP HANA and SAP HANA...
Nov. 27, 2014 08:00 AM EST Reads: 1,196
Enthusiasm for the Internet of Things has reached an all-time high. In 2013 alone, venture capitalists spent more than $1 billion dollars investing in the IoT space. With "smart" appliances and devices, IoT covers wearable smart devices, cloud services to hardware companies. Nest, a Google company, detects temperatures inside homes and automatically adjusts it by tracking its user's habit. These technologies are quickly developing and with it come challenges such as bridging infrastructure gaps,...
Nov. 27, 2014 07:45 AM EST Reads: 1,444
"Cloud consumption is something we envision at Solgenia. That is trying to let the cloud spread to the user as a consumption, as utility computing. We want to allow the people to just pay for what they use, not a subscription model," explained Ermanno Bonifazi, CEO & Founder of Solgenia, in this SYS-CON.tv interview at Cloud Expo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Nov. 27, 2014 07:15 AM EST Reads: 1,043