Teknikor, Inc.(www.teknikor.com) has completed the acquisition of Oxford Engineering, a Connecticut-based provider of highly-specialized precision machinery alignment services critical to ensuring equipment performance across a number of different industries including wire and cable, rubber and plastics, and paper manufacturing.
Financial terms of the agreement were not disclosed.
The acquisition gives Teknikor, a provider of plant and manufacturing systems upgrades, retrofits and relocations, additional expertise to add to its integrated service delivery offering. Manufacturers and fabricators that hire Teknikor as a single source for systems and production line upgrades and retrofits can now count on project leads to include precision equipment alignmentin the scope of work -- negating the need for the customer to find another provider or for Teknikor itself to subcontract the work.
"Our goal since the beginning was to buy or build the different skill sets and expertise that come into play when we perform operations and manufacturing maintenance," states Teknikor CEO Phil Pelletier. "Oxford Engineering not only fills a critical need in our services continuum, they are the best in the industry at what they do."
Since its founding in 1981, Oxford Engineering has performed work for a number of Fortune 500 companies including Du Pont and Dow Chemical. Pelletier goes on to say that the two companies share similar priorities and credit their shared emphasis on training and retaining long-term employees for the success of their respective companies. Oxford Engineering's technicians and engineers are trained at the renowned, ISO 9001:2008-certified Brunson Instrument Company.
Joining Teknikor will be Oxford Engineering founder Jack Grosberg. "This acquisition is all about becoming part of an innovative company that is reinventing its own industry," observes Grosberg. "Teknikor is leading the way in its integrated services approach to plant and operations systems management and I'm excited that Oxford Engineering play a critical role in the company's future."
Separately, Teknikor announced that it is opening a new office in Kentucky and veteran industrial engineer and project manager Tim Tanner will join the company as President of Midwest operations.
“We’re not actually going into new territory here. We have provided our services throughout the Midwest for a number of years, including projects where we worked side-by-side with Tim as a client engineer and project manager,” said Pelletier. “Establishing an office in the region with Tim at the helm will make it easier for us to leverage the economic upswing and the growing demand for industrial retrofits and relocations that it’s generating.”
“We’re not actually going into new territory here. We have provided our services throughout the Midwest for a number of years, including projects where we worked side-by-side with Tim as a client engineer and project manager,” said Pelletier. “Establishing an office in the region with Tim at the helm will make it easier for us to leverage the economic upswing and the growing demand for industrial retrofits and relocations that it’s generating.”
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