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 Paul Mincher.
600 Group has taken an 80% stake in the TYKMA business, with TYKMA reporting into the 600 Group. 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 will create one of the most diverse and powerful companies in the laser marking systems industry. Electrox is a company rich in history, experience and technology. TYKMA is a growing, market driven company with strong leadership. We will combine to create a powerful single business unit,” states Paul 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 with one of the largest combined customer bases worldwide.
“We’re very upbeat and optimistic about this deal,” concludes Paul Mincher. “It strengthens what is already successful about Electrox and means that customers can benefit from enhanced choice in order to get the best out of their laser marking operations.
“Our global 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.”