Welcome!

News Feed Item

Lapmaster Announces Its Acquisition of Peter Wolters

Lapmaster Group Holdings LLC, a leading supplier of high-precision equipment and services for lapping, polishing, grinding, and honing, announced today that it has acquired Peter Wolters GmbH, a provider of machine tools and systems for high-precision surface processing. Headwaters MB, a middle market investment banking firm, advised Lapmaster on the transaction.

“This merger of complementary market leaders will create an even stronger global player with unparalleled technical capabilities in the industry,” said Brian Nelson, President and CEO of Lapmaster. “The team of 600 professionals in the combined entity will provide the level of service and support that customers have come to expect from Lapmaster and Peter Wolters across Europe, Asia and the Americas. Headwaters served as an invaluable advisor to Lapmaster in developing an attractive financing package during our acquisition of Peter Wolters.”

Len LaPorta, Managing Director in Headwaters MB’s Industrials practice, added, “Lapmaster and Peter Wolters have complementary product offerings across single- and double-sided finishing services. Their ability to together provide the widest range of the latest technology at competitive prices will help them continue their growth in their domestic markets as well as Asia and Latin America.” Phil Seefried, Founder & CEO of Headwaters MB, added, “These two companies belong together. Their market position both in terms of product specialties and geographic coverage are a perfect match.”

CEO of Peter Wolters, David Celli, further commented, “This combination provides a clear choice for end-users globally that require micron-level surface finishing solutions for the most stringent and demanding applications in consumer electronics, prime wafer and general industries. We look forward to working together over the coming years.”

Since 1948, Lapmaster has solved the most challenging precision surfacing problems. With over 65 years of experience, Lapmaster has a proven history of successfully developing cost effective processing solutions for virtually any application. Terms of the acquisition were not disclosed.

About Lapmaster

Lapmaster International is an industry leader in precision surfacing solutions. Since 1948, Lapmaster has a proven history of successfully developing cost effective processing solutions for the fine grinding, advanced materials, precision optics, bore honing and finishing, lapping/polishing and metallographic markets through an expanding network of sales and services offices located throughout the world. The Company’s 30,000 installed systems across 5,000+ customers utilize micron-sized abrasive particles to remove microscopic material for various end-user precision finishing applications. Lapmaster is headquartered outside Chicago, IL, employing over 250 people across six manufacturing facilities on three continents. For more information, visit http://www.lapmaster.com/.

About Peter Wolters

Peter Wolters is a leading supplier of high-precision machine tools and systems for surface processing of a variety of different types of work pieces. The company was founded in 1804 in Mettman, Germany, as a manufacturer of equipment for the cotton processing industry before ultimately becoming a leading participant in the surface finishing industry. Since 1974, the Company has been headquartered in Rendsburg, Germany. For more information, visit http://www.peter-wolters.com/.

About Headwaters MB

Headwaters MB is an independent, middle-market investment banking firm providing strategic merger and acquisitions, corporate finance services and merchant banking through proprietary sources of capital. Headwaters is headquartered in Denver, CO, with 6 regional offices across the United States and partnerships with 16 firms covering 25 countries. For more information, visit http://www.headwatersmb.com/ and keep up with us on Twitter at http://twitter.com/brendanburke.

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Actian Corporation has announced the latest version of the Actian Vector in Hadoop (VectorH) database, generally available at the end of July. VectorH is based on the same query engine that powers Actian Vector, which recently doubled the TPC-H benchmark record for non-clustered systems at the 3000GB scale factor (see tpc.org/3323). The ability to easily ingest information from different data sources and rapidly develop queries to make better business decisions is becoming increasingly importan...
To leverage Continuous Delivery, enterprises must consider impacts that span functional silos, as well as applications that touch older, slower moving components. Managing the many dependencies can cause slowdowns. See how to achieve continuous delivery in the enterprise.
Is the ongoing quest for agility in the data center forcing you to evaluate how to be a part of infrastructure automation efforts? As organizations evolve toward bimodal IT operations, they are embracing new service delivery models and leveraging virtualization to increase infrastructure agility. Therefore, the network must evolve in parallel to become equally agile. Read this essential piece of Gartner research for recommendations on achieving greater agility.
Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more business becomes digital the more stakeholders are interested in this data including how it relates to business. Some of these people have never used a monitoring tool before. They have a question on their mind like “How is my application doing” but no id...
Kubernetes, Docker and containers are changing the world, and how companies are deploying their software and running their infrastructure. With the shift in how applications are built and deployed, new challenges must be solved. In his session at @DevOpsSummit at19th Cloud Expo, Sebastian Scheele, co-founder of Loodse, will discuss the implications of containerized applications/infrastructures and their impact on the enterprise. In a real world example based on Kubernetes, he will show how to ...
SYS-CON Events announced today that Venafi, the Immune System for the Internet™ and the leading provider of Next Generation Trust Protection, will exhibit at @DevOpsSummit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Venafi is the Immune System for the Internet™ that protects the foundation of all cybersecurity – cryptographic keys and digital certificates – so they can’t be misused by bad guys in attacks...
Pulzze Systems was happy to participate in such a premier event and thankful to be receiving the winning investment and global network support from G-Startup Worldwide. It is an exciting time for Pulzze to showcase the effectiveness of innovative technologies and enable them to make the world smarter and better. The reputable contest is held to identify promising startups around the globe that are assured to change the world through their innovative products and disruptive technologies. There w...
SYS-CON Events announced today Telecom Reseller has been named “Media Sponsor” of SYS-CON's 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Telecom Reseller reports on Unified Communications, UCaaS, BPaaS for enterprise and SMBs. They report extensively on both customer premises based solutions such as IP-PBX as well as cloud based and hosted platforms.
To paraphrase someone famous, "The definition of insanity is to do something the same way over and over again and expect a different result". Humans are creatures of habit and when it comes to storage, old habits die hard. Why do we continue to put our faith in legacy storage providers when they haven't invented anything new in decades. Sure, they re-badge their products every couple of years to make their messaging look modern, but ultimately, it's the same old stuff with a new coat of lipsti...
StarNet Communications Corp has announced the addition of three Secure Remote Desktop modules to its flagship X-Win32 PC X server. The new modules enable X-Win32 to safely tunnel the remote desktops from Linux and Unix servers to the user’s PC over encrypted SSH. Traditionally, users of PC X servers deploy the XDMCP protocol to display remote desktop environments such as the Gnome and KDE desktops on Linux servers and the CDE environment on Solaris Unix machines. XDMCP is used primarily on comp...
Smart Cities are here to stay, but for their promise to be delivered, the data they produce must not be put in new siloes. In his session at @ThingsExpo, Mathias Herberts, Co-founder and CTO of Cityzen Data, will deep dive into best practices that will ensure a successful smart city journey.
Using new techniques of information modeling, indexing, and processing, new cloud-based systems can support cloud-based workloads previously not possible for high-throughput insurance, banking, and case-based applications. In his session at 18th Cloud Expo, John Newton, CTO, Founder and Chairman of Alfresco, described how to scale cloud-based content management repositories to store, manage, and retrieve billions of documents and related information with fast and linear scalability. He addres...
SYS-CON Events announced today that StarNet Communications will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. StarNet Communications’ FastX is the industry first cloud-based remote X Windows emulator. Using standard Web browsers (FireFox, Chrome, Safari, etc.) users from around the world gain highly secure access to applications and data hosted on Linux-based servers in a central data center. ...
Aspose.Total for .NET is the most complete package of all file format APIs for .NET as offered by Aspose. It empowers developers to create, edit, render, print and convert between a wide range of popular document formats within any .NET, C#, ASP.NET and VB.NET applications. Aspose compiles all .NET APIs on a daily basis to ensure that it contains the most up to date versions of each of Aspose .NET APIs. If a new .NET API or a new version of existing APIs is released during the subscription peri...
The 19th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Digital Transformation, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportuni...