Part of the 600 Group, Electrox has grown significantly in recent years, doubling turnover between 2009 and 2014, thus prompting the decision to look West.
“Our recent success has been primarily in the UK and Europe, so the natural target for further growth lies across the Atlantic,” explains Paul Mincher. “We therefore sought a complementary North American company that we could work with.”
Ohio-based TYKMA offers a well-regarded range of laser marking solutions; crucially, its portfolio dovetails nicely into the Electrox suite of products. “You might say that, on our own, Electrox had half of the alphabet – with TYKMA integrated into our operation, we can offer the full A-Z of laser marking needs, from entry level systems up to high-end multi-axis machines,” confirms Mr Mincher.
The 600 Group has taken an 80 percent stake in the TYKMA business, with the latter reporting into the former. David Grimes CEO of TYKMA is the new merged group CEO. Paul Mincher will continue to head up European operations as Managing Director.
“The merger aims to create a diverse and powerful company for the laser marking systems industry, with Electrox’s rich history, experience and technology, and TYKMA is growth and market-driven attitude with strong leadership. We will combine to create a powerful single business unit,” states Mr Mincher.
To support the merger, a new sales structure managed by Richard Reilly, new merged group Sales Director has been created. UK and European sales will continue to be led by Peter Ramsden, European Sales Director. Together, the companies will offer a wide range of laser marking systems and technologies to the manufacturing industry.
“We’re very upbeat and optimistic about this deal,” concludes Mr Mincher. “It strengthens what is already successful about our company and means that customers can benefit from enhanced choice in order to get the best out of their laser marking operations.”
“Our customers will experience an enhanced service, support and knowledge base with access to a diverse line of products. The new merged company will increase its focus on laser technology development.”
