The Hardinge Group, a global machine tool company with sales in excess of $200 million, has acquired the Intellectual Property Rights and the sales and support services division of Bridgeport.
As a result, 51 employees in Leicester and 11 in Holland have joined the Hardinge Group and the Bridgeport brand will be added to Hardinge’s existing portfolio that includes Hardinge branded high precision lathes, Kellenberger cylindrical grinding machines, and Hauser jig grinding machines.
Adding the Bridgeport brand means that Hardinge will increase its presence in the vertical and horizontal machining centre market, supplementing its current offerings of vertical machining centres, along with its lathe, grinding and workholding sectors.
Hardinge has had a business relationship with Bridgeport since 2002, manufacturing Bridgeport’s knee mill products in the US. As a result of the acquisition, Hardinge sales outlets across the world will now have access to Bridgeport’s knee mill products.
The deal means that 62 jobs which were threatened by the receivership of Bridgeport Machines Limited will now be saved.