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Fives, a global leader in industrial engineering, has acquired Pietro Carnaghi S.p.A., a manufacturer of large-scale machine tools. The acquisition strengthens Fives' High Precision Machines division and expands its capabilities in defense, nuclear, aerospace, and energy sectors.
Jier Machine Tool Group (济南二机床集团) signed an agreement to acquire equity in Jinan Maiteli Group (济南迈特力集团) on April 2, 2022, to expand product structure and market presence in stamping solutions.