Trumpf has acquired a full stake in Teufel Solutions, effective 1 August.
Founded in 2002 as an SAP systems company based in Bottighofen, Switzerland, Teufel Solutions is a development partner for the Trumpf TruTops Fab software. This manufacturing control system can be used to oversee the entire sheet metal production process, as well as monitor and manage all machine jobs. The system is modular in design and allows users to implement functions step-by-step.
By taking over Teufel Solutions, Trumpf strengthensits its portfolio in all aspects of digitally connected manufacturing. 'Trumpf believes in connected manufacturing. The takeover of Teufel Solutions is a firm sign that we continue to pursue our digital ambitions,' commented Trumpf chief digital officer Mathias Kammüller. 'Teufel Solutions has specialist expertise in TruTops Fab and TruConnect, and this is the perfect complement to Trumpf's existing Industry 4.0 activities.'
The takeover will be closed by end of the year 2018. The parties have agreed not to disclose the purchase price.