Fives reinforces its offer in the Grinding | Ultra Precision business line with the acquisition of Daisho Seiki Corporation
Fives has completed the acquisition of Daisho Seiki Corporation, a Japanese leading supplier of disc grinding machines and bar peeling machines for the automotive and general industries. The transaction strengthens Fives’ footprint in the grinding business, especially in Japan and Korea, and expands its expertise to the design and manufacture of high-precision vertical axis double and single disc grinders.
Daisho Seiki, a worldwide player, with a highly-regarded name and reputation for quality
Daisho Seiki Corporation started its operations in Osaka, Japan, nearly 70 years ago, as an independent machine tool manufacturer for grinding applications. Today, under the leadership of its current management, it has an international reach, with two subsidiaries established in Korea and the USA, and two distribution partners in the USA and Europe.
Daisho designs and supplies optimal grinding machines and systems, achieving high precision and productivity, based on proprietary technologies. It mostly serves the needs of the automotive industry across a large range of grinding applications, including the grinding of brake discs, con-rods, plates, magnets, gear faces, bearings.
Daisho’s products mainly include horizontal axis double disc grinders, vertical axis double disc grinders, vertical axis single disc grinders, as well as bar and coil peeling machines and polishing machines. Daisho also provides the full range of services to the installed base (parts, field service and machine remanufacture).
A reinforced organization of the Grinding | Ultra Precision business line of Fives
The acquisition of Daisho reinforces Fives’ Grinding | Ultra Precision business line and consolidates its status of leading providers of grinding solutions.
Daisho’s expertise in precision grinders enlarges Fives’ scope of grinding technology, enhances its current offer to the automotive industry and expands its commercial footprint.
The Grinding | Ultra Precision business line of Fives will now operates with a workforce of around 700 people located in Italy, the U.K., the United States, Japan and Korea. It will offers a complete range of grinding and ultra-precision solutions for the automotive and other industries, through a strong legacy based on 5 major names on the market: Cranfield Precision, Landis, and Landis-Bryant, Giustina and Daisho.