TRUMPF Strengthens its Software Portfolio by Acquiring Remaining Stake in Indian Joint Venture TRUMPF Metamation

#TRUMPF #TRUMPFMetamation #Acquisition

Source: TRUMPF

Decision to acquire outstanding shares prompted by TRUMPF’s ongoing digitalization strategy // Indian location’s software already a standard component of TRUMPF bending machines

July 2022 : TRUMPF has acquired the remaining 49 percent of the shares in Indian software developer TRUMPF Metamation Private Limited. The Chennai-based software firm, which specializes in the development of CAD and CAM software applications and machine control solutions, is a key component of TRUMPF’s global software strategy. It offers excellent conditions for further growth thanks to Chennai’s established cluster of international software firms.

TRUMPF acquired a 51 percent majority stake in the software developer in 2014. The company currently employs around 40 software specialists.