TJM Capital, a private equity investment firm, has purchased the machine tools solutions division of the U.K.’s 600 Group.
The deal includes Colchester Machine Tools Solutions and Clausing Industrial Inc. The firm is a provider of metal turning machines. The firm delivers small conventional machines for education markets, CNC workshop machines, and CNC production machines.
“The Machine Tool Solutions Division is a perfect fit with our growth strategy,” added TJM Chairman Tom McDonough. “These companies supply well-known, high-quality products for metalworking applications, and give us scope to provide more solutions to our customers,”