# Hiwin Corporation acquires Matrix Machine Tool

Taiwan's Hiwin Corporation has acquired UK thread grinding machine builder Matrix Machine Tool. The acquisition has brought new investment, additional employment, and a move to a new 54,000 ft² factory in Coventry, UK, in October 2019.

- Type: Acquisition
- Announced: 2019-10-01
- Where: Coventry, United Kingdom
- Status: completed
- Products: external and internal thread grinding machines, CNC gear grinding and cutting machines
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Hiwin Corporation](https://endata.com/companies/45768.md) (acquirer)
- [Matrix Machine Tool](https://endata.com/companies/45769.md) (target)

## Sources

- [pesmedia.com](https://www.pesmedia.com/matrix-machine-tool-coventry-investment-040320), 2020-03-06: "You could say they liked the product so much they bought the company."

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