UVA LIDKÖPING acquired CNC North in the US Market and strengthen its global presence

UVA LIDKÖPING, with Dacke Industri as the Parent Company, are growing internationally, and on February 5th, 2024, they acquired 100% of the shares in CNC North in the US, an industry leader in mechanical rebuild solutions and enhancements for Bryant and other grinding equipment.

UVA LIDKÖPING is a leading global supplier of high-precision grinding machines with over 120 years of experience and over 10,000 machines installed worldwide. It is recognized as a trusted industry leader in delivering cutting-edge grinding solutions. The acquisition marks a significant milestone for the company, solidifying its commitment to enhancing its regional services segment. Combining CNC North's knowledge and expertise with UVA LIDKÖPING's rich manufacturing heritage, customers can expect a comprehensive range of advanced grinding machinery tailored to their specific needs. 

CNC North was established in 2005. Two of the original three owners had 40-plus years of experience designing and building Bryant Grinders. The original focus of CNC North was remanufacturing Bryant Lectraline and Ultraline series machines to OEM specifications. In 2008, the company built its first new internal “strut grinder” for the aeronautics industry, incorporating its proprietary hydrostatic slide design on a solid granite base. Today, nearly 20 CNC North new machines are in operation, supporting military, aerospace, and aeronautics industries. The largest of these machines weighs in at 80,000 lbs (36,000 kgm). The company continues supporting the global bearing and automotive industries' remanufacturing, modernizing, upgrading, and servicing their Bryant grinding machines. 

"We look forward to extending our footprint into the United States further and strengthening our industry-leading grinding machines and services closer to our valued customers. By joining forces with CNC North, we can provide even more development and covering support to the market," said Kenneth Carlsson, CEO of UVA LIDKÖPING.

"We are happy to be a part of the strong company culture, quality products, and forward-thinking vision at UVA LIDKÖPING. This partnership promises significant benefits and opportunities, ensuring a successful future built on excellent service and innovation," said Patrick Harrington, CEO of CNC North.

“Corporate acquisitions are an essential part of Dacke Industri's growth strategy, and the acquisition of CNC North is a great fit that aligns perfectly with UVA LIDKÖPING's future vision for enhanced value-added customer service and growth. UVA LIDKÖPINGs performance over the last few years has been impressive, and we are excited about what we can achieve together with CNC North. We are convinced that the companies will strengthen each other going forward," said Lars Fredin, Group CEO of Dacke Industri and Chairman of UVA LIDKÖPING. 

UVA LIDKÖPING – Manufacturer of high precision grinding machines (uvalidkoping.com)

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This is Dacke Industri

Dacke Industri is a long-term owner that invests in innovative technology companies within selected niches with potential for development. We provide expertise and strategic guidance to build sustainable companies over time. We follow a decentralized model where our companies have a high degree of autonomy and are run independently. 

Our companies have their own products or systems with a strong technical focus, development- and design expertise, and quality execution. The companies use existing platforms for innovation and work towards environmentally sustainable products and production. Today Dacke Industri has 22 subsidiaries within 4 divisions, over 1550 employees worldwide, and net sales of SEK 4,3 billion.

Dacke Industri is owned by Nordstjernan since January 2016. 

Dacke Industri | With long term ownership in focus

For more information please contact:
Kenneth Carlsson
CEO
UVA LIDKÖPING                                        
+46 76 543 08 71 kenneth.carlsson@uvalidköping.com

Lars Fredin                                                              
Group CEO                                    
Dacke Industri                                                                                                       
+46 70 770 71 00 lars.fredin@dackeindustri.com

Patrick Harrington                                                          
CEO                                    
CNC North, Inc.                                                                                                      
+1 603.542.3361 | +1 860.798.5705 pharrington@cncnorth.com

Camilla Quist                                                          
Communication and Administration Manager                                     
Dacke Industri                                                                                                       
+46 70 590 03 70 camilla.quist@dackeindustri.com