Electrox and Tykma have merged in order to further activity in North America and build on Electrox’s recent European success. The company’s turnover doubled between 2009 and 2014 and has driven ambitions further west.
‘Our recent success has been primarily in the UK and Europe, so the natural target for further growth lies across the Atlantic,’ explained Paul Mincher, who will head up the pairing's European activity as managing director. ‘We therefore sought a complementary North American company that we could work with.’
Electrox now offers its lasers for a range of applications including ablation and coating removal such as for automotive displays, coding for traceability and identification, authentication and labelling and for decorative design and personalisation. Electrox said that together, the companies will offer a wide range of laser marking systems and technologies to the manufacturing industry with one of the largest combined customer bases worldwide.
Based in Ohio, Tykma offers a range of laser marking solutions which complements Electrox’s portfolio. Mincher said: ‘You might say that, on our own, Electrox had half of the alphabet – with Tykma integrated into our operation, we can offer the full A-Z of laser marking needs, from entry-level systems up to high-end multi-axis machines.’
Mincher added: ‘We’re very upbeat and optimistic about this deal. It strengthens what is already successful about Electrox and means that customers can benefit from enhanced choice in order to get the best out of their laser marking operations.
‘Our global customers will experience an enhanced service, support and knowledge base with access to a diverse line of products. The new merged company will increase its focus on laser technology development.’
Electox is part of the 600 Group, which has taken an 80 per cent stake in Tykma’s business with Tykma now reporting into the 600 Group. David Grimes, who was CEO of Tykma, is the new merged group CEO, and, to support the merger, a new sales structure managed by Richard Reilly, group sales director has been created. UK and European sales will continue to be led by Peter Ramsden, European sales director.