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Thomas Brown Engineering installed a new Hardinge Bridgeport XR1000 CNC machine from Engineering Technology Group to support three new aerospace contract wins. The investment has reduced cycle times by up to 20%.
Privet Fund Management LLC completed the purchase of machine-tool manufacturer Hardinge Inc. for about $245 million. Hardinge's headquarters will move from Elmira, New York to Berwyn, Pennsylvania.
Hardinge Inc., a manufacturer of metal-cutting solutions, has agreed to be acquired by an affiliate of Privet Fund Management LLC for $18.50 per share, with a total transaction value of approximately $245 million. The deal is expected to close by the end of Q2 2018.