LVD and Pullmax Merge

April 4, 2011

LVD Company, Gullegem, Belgium, and Pullmax, Göteborg, Sweden, have entered into an agreement to combine their sales, service, production, and R&D activities.

The agreement will expand the product offerings and market reach of both companies and will create one of the industry’s largest sheet metal working equipment manufacturers with facilities in Belgium, central Europe, the U.S., and China.

Under the agreement, each company will maintain its independent corporate identity but will combine key operations in the areas of sales, service, production, and engineering development.

LVD will manufacture Pullmax punching machines for the world market and will collaborate with the company on R&D efforts for future punching products and technology. Pullmax will represent all of LVD’s products, including laser cutting, punching, bending, and shearing equipment, as well as software and midrange automation products.

In Scandinavia and England sales and service operations will be merged to provide an integrated sales and service network. For all other markets, LVD will provide sales and service support.

Moving forward, the two companies will combine design and engineering resources, jointly developing and introducing new sheet metal fabrication products.

“We are enthusiastic about combining forces with Pullmax to offer a broader umbrella of high-level punching products and more extensive automation solutions to our customers,” said LVD Chairman Jean-Pierre Lefebvre. “The addition of Pullmax punch presses to our Strippit line of punching products further strengthens and positions the LVD brand.”

“LVD’s vast range of products and, in particular, their expertise in forming, laser cutting technology, and offline software technology, opens doors of opportunity for Pullmax to offer increased added value to our customers by having a more comprehensive set of solutions beyond our core punching and automation products,” said Pullmax Chairman Tomas Hellström.

For more information, visit www.lvdgroup.com and www.pullmax.com.