Birmingham-based specialist firm Delcam yesterday snapped up a US firm to further strengthen its position as one of the world's leading specialist suppliers of machining software.
The Small Heath company has taken over International Manufacturing Computer Services in a deal worth an initial £1.7 million.
IMCS, the developer of the PartMaker suite of CAM software, notched up a turnover of £1.2 million in the year to December 31, resulting in a record profit before tax of £295,000.
Delcam's managing director, Hugh Humphreys, said: "Multi-axis turning equipment is becoming increasingly complex and sophisticated, and so needs dedicated, specialist software.
"The addition of the IMCS software to our existing range will allow us to support companies around the world that wish to introduce these advanced machines. We are confident that this investment will be earnings enhancing for the group."
Many of the leading users of multi-axis and Swiss-type turning equipment, including the world's three largest medical device manufacturers, have chosen PartMaker for the programming of their machines. The software is also used in the aerospace and telecommunications sectors by customers from small subcontractors to Fortune 500 companies.
"Currently, approximately 90 per cent of our sales originate from North American accounts," said IMCS president Hanan Fishman.
"By joining Delcam, we will be able to accelerate our international sales growth. In addition, Delcam's financial support will enable us to expand our development and support teams, and so provide even better service and product enhancements to the existing PartMaker user community."