The £8.4m acquisition of MachineWorks Software Limited by WESTEC Holding Co. Ltd – the UK trading entity of Heidenhain GmbH. Heidenhain is a developer and manufacturer of measuring devices and numerical controls used primarily in high-precision machine tools which BDO audit in Germany.
MachineWorks is a Sheffield based software developer for CNC simulation and verification – their product is utilised in the controls of high-precision machine tools to simulate the tooling and identify any ‘clashes’ before they happen.
Heidenhain will be incorporating this software into their products going forward. The deal involved the purchase of 100% of the business from Mobeus Private Equity, two founding members of the business and 46 employees of not only MachineWorks but also its sister company.