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Hardinge Inc. (NASDAQ: HDNG), a leading international provider of advanced metal-cutting solutions, announced that it has acquired Usach Technologies, Inc., a privately held, American machine tool company and leading provider of high-precision, computer-controlled ID and OD grinding machines and grinding systems based in Elgin, Illinois.
“Hardinge is a world leader in grinding solutions and the acquisition of Usach Technologies strengthens and reinforces that position,” stated Richard L. Simons, Chairman, President and Chief Executive Officer. “This acquisition complements our strategy to maintain our competitive edge by continually advancing and enhancing our product portfolio. Importantly, Usach strengthens our reach into high profile OEM’s (original equipment manufacturers) in the U.S. and expands our opportunities in the highly diversified end markets we serve.”