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MAG Americas, including Giddings & Lewis, to be acquired by French company

12:33 PM, Mar. 8, 2013
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PARIS, France--French industrial engineering company Fives has entered into a definitive agreement to acquire MAG Americas, a global supplier of high-performance machining solutions and composite processing.

A subsidiary of the MAG Group, MAG Americas enjoys a unique position in the high-end segment of large and complex parts machining solutions and compositeprocessing, where it holds a worldwide leading position.

Thanks to its innovation track record, it has developed strong relationships within the key and demanding industries it serves, such as aerospace, oil and gas, ...

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