Hardinge, Inc’s Acquisition of WEISSER Group

Taylor Wessing advised Hardinge, Inc. on the deal.

Hardinge, Inc., a leading international provider of advanced metal-cutting solutions based in Berwyn, USA, has entered into a definitive agreement under which Hardinge will acquire WEISSER Group, a global leader with regard to the production of multifunctional precision turning machines and turning centers.

The acquisition enhances Hardinge’s Turning and Milling platform with an attractive portfolio of products and technologies. WEISSER was founded in 1856 and has its headquarters in St. Georgen (Black Forest), Germany, with sales of approximately $90 million USD.

WEISSER Group consists of J.G. Weisser Söhne GmbH & Co. KG (JGWS), Weisser Präzisionstechnik GmbH & Co. KG (WPT), Weisser GmbH and its subsidiaries Weisser Corporation (USA), Weisser Machine Tool (Shanghai) Co., Ltd. and Weisser Machine Tool (Dalian) Co., Ltd. (both China). WEISSER Group is a world leading German manufacturer and turnkey solution provider of high precision, multifunctional turning machines and turning centers as well as automation solutions. 

Hardinge, Inc., a portfolio company owned by affiliates of Privet Fund Management LLC and Privet Fund LP, is the trusted global provider of high precision, computer-controlled machine tool solutions for critical, hard-to-machine metal parts and advanced workholding accessories. With over 125 years of experience, Hardinge offers the largest variety of metal-cutting turning machines, grinding machines, machining centers, collets, chucks, index fixtures, repair parts, standard and specialty workholding devices, and other machine tool accessories. Hardinge’s solutions can be found in a broad base of industries including aerospace, agricultural, automotive, construction, consumer products, defense, energy, medical, technology, and transportation. The company designs, manufactures, and distributes machine tools in over 65 countries across North America, Europe, and Asia.

The Taylor Wessing team included Dr Philip Cavaillès (Picture – Lead Partner, Corporate/M&A), Dr Hendrik Boss (Lead Partner, Corporate/Restructuring), Dr Daniel Schrembs (Salary Partner), Till Schwichtenberg (Associate), Fritz Krings (Associate) (all Corporate/M&A), Julia Siedhoff (Senior Associate), Dr Josepha Biebl (Associate) (both Corporate/Restructuring), Dr Benedikt Rohrßen (Partner), Dr Michael Kieffer (Salary Partner), Michael Wietzorek (Associate) (all Commercial/Litigation), Marc Gimmy (Partner), Katja Schiffelholz (Salary Partner), Klara Pototzky (Associate) (all Employment), Dr Dietrich Kamlah (Partner), Dr Michael Schächinger (Senior Associate) (both Patents), Andreas Bauer (Partner), Dr Verena Ahmann (Salary Partner), Dr Monika Bucher (Associate) (all IP), Theresa Haßlberger (Senior Associate, Real Estate), Dr Tim Schwarz (Salary Partner), Dr Jonathan Kropp (Salary Partner), Dr Julia Petersen (Associate) (all IT/Data Protection) (all Munich), Dr Bert Kimpel (Partner), Rudi Hasenberg (Salary Partner) (both Tax), Ulf Gosejacob (Partner, Banking/Finance), Kai Schlender (Senior Associate, China Desk) (all Frankfurt), Dr Marco Hartmann-Rüppel (Partner), Dr Stefan Horn (Salary Partner), Lara Skotki (Associate) (all Competition, Hamburg), Dr Jörg Henkel (Public Law, Dusseldorf).

Involved fees earner: Verena Ahmann – Taylor Wessing; Andreas Bauer – Taylor Wessing; Josepha Biebl – Taylor Wessing; Hendrik Boss – Taylor Wessing; Monika Bucher – Taylor Wessing; Philip Cavaillès – Taylor Wessing; Marc André Gimmy – Taylor Wessing; Ulf Gosejacob – Taylor Wessing; Marco Hartmann-Rüppel – Taylor Wessing; Rudi Hasenberg – Taylor Wessing; Theresa Haßlberger – Taylor Wessing; Jörg Henkel – Taylor Wessing; Stefan Horn – Taylor Wessing; Dietrich Kamlah – Taylor Wessing; Michael Kieffer – Taylor Wessing; Bert Kimpel – Taylor Wessing; Fritz Krings – Taylor Wessing; Jonathan Alexander Kropp – Taylor Wessing; Julia Petersen – Taylor Wessing; Klara Pototzky – Taylor Wessing; Benedikt Rohrßen – Taylor Wessing; Michael Schächinger – Taylor Wessing; Katja Schiffelholz – Taylor Wessing; Kai Schlender – Taylor Wessing; Daniel Schrembs – Taylor Wessing; Tim Schwarz – Taylor Wessing; Till Schwichtenberg – Taylor Wessing; Julia Siedhoff – Taylor Wessing; Lara Skotki – Taylor Wessing; Michael Wietzorek – Taylor Wessing;

Law Firms: Taylor Wessing;

Clients: Hardinge, Inc.;

Federica Tiefenthaler

Author: Federica Tiefenthaler