# Techniks Industries acquires Parlec tooling division

Parlec Inc. sold its tooling division to Techniks Industries, based in Indianapolis, Indiana. The tooling unit will retain the Parlec brand name, while the remaining presetting business will operate as Omega Tool Measuring Machines.

- Type: Acquisition
- Announced: 2017-04-17
- Where: Perinton, New York, United States
- Status: completed
- Products: tooling
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Techniks Industries](https://endata.com/companies/17025.md) (acquirer)
- [Parlec Inc.](https://endata.com/companies/17026.md) (target)

## Sources

- [omegatmm.com](https://omegatmm.com/press/perinton-based-parlec-sells-tooling-division/), 2017-04-17: "Perinton-based Parlec Inc. announced Monday it has sold its tooling division to Techniks Industries, a firm based in Indianapolis, Indiana."
- [mfgnewsweb.com](http://mfgnewsweb.com/archives/4/49050/Current-News-jun17/Techniks-Industries-Announces-Acquisition-of-the-Tooling-Assets-of-Parlec-Inc.aspx), 2017-06-01: "Techniks Industries Announces Acquisition of the Tooling Assets of Parlec, Inc."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.