The Engineering Technology Group (ETG) has acquired HK Holdings and all of its subsidiaries from the Pexion Group.
As a result, ETG is now able to offer its client base a single-source solution for CNC machining, wire EDM machines and 3D-printing systems. For instance, the acquisition gives ETG access to brands in additive manufacturing that include 3D Systems and Markforged. On the EDM side, ETG will now sell the latest Mitsubishi and OPS-Ingersoll machines.
“We had two choices: look to take on additional principals and agree new distribution agreements, or purchase a company that is already established in the sector and can boast immediate access to world-class brands and a host of technical expertise with their current staff,” says Martin Doyle, managing director of ETG. “Pexion Group is a key account for ETG, with multiple CNC machines installed across its group of companies. We knew Pexion was reviewing how to develop HK Holdings, so decided we would approach them about the possibility of integrating it into our business.”
For further information www.engtechgroup.com