# Fives acquires Konecranes Machine Tool Service Division

Fives Machining Systems, Inc. acquired Konecranes Machine Tool Service division, a US provider of machine tool services including preventive maintenance, rebuild, and repair.

- Type: Acquisition
- Announced: 2018-01-10
- Where: United States
- Status: completed
- Products: machine tool services
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Fives Machining Systems Inc.](https://endata.com/companies/18050.md) (acquirer)
- [Konecranes Machine Tool Service](https://endata.com/companies/18120.md) (target)

## Sources

- [fivesgroup.com](https://www.fivesgroup.com/newspress/detail-view/fives-acquires-konecranes-machine-tool-service-division-usa-major-expansion-of-machine-tool-services-and-solutions-capability-1), 2018-01-10: "Fives Machining Systems, Inc. has acquired Konecranes Machine Tool Service division, one of the USA’s leading providers of machine tool service."

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