ATA acquires German cutting and industrial tooling specialists, Karnasch Professional Tools GmbH

ATA, an Irish-owned and Cavan-headquartered international precision engineering group with facilities in Ireland, the UK and the USA, has acquired Karnasch Professional Tools GmbH located in Heddesheim, near Mannheim and in Gorsdorf, near Berlin.

The acquisition of Karnasch marks another important milestone for ATA and the first since the 2016 management buyout of its private equity partners. The acquisition brings the value of the combined enterprise to circa €160m and increases the worldwide workforce to nearly four hundred staff of whom approximately one hundred and fifty are based in Ireland.

The original ATA business was acquired in 2008 by Peter Cosgrove and equity investors. Revenues grew substantially in the following decade, (mainly through a series of international acquisitions) from €17m then to €80m.

Established in 1960, Karnasch is a third-generation, family-owned company, selling precision industrial tools across multiple applications including grinding, milling, cutting, sawing and drilling. Karnasch enjoys market premium positions in a number of important product categories servicing various industry sectors including automotive, aerospace, construction and mechanical engineering. The company has a strong position in its domestic German market and exports to over 60 countries worldwide.

Michael and Sascha Karnasch will continue as managing directors in Karnasch, retaining a shareholding. Both join the ATA senior management team.

ATA CEO, Peter Cosgrove, said:

“We have long admired the professionalism of the Karnasch family and have greatly respected their clear market leadership. ATA is delighted to combine forces with a company of this calibre and reputation and look forward to having the benefit of their obvious expertise within the expanded organisation. This transaction is entirely consistent with our strategy to build a global company of scale in this industry and we look forward to delivering on the many market and product synergies that now become available. We are very pleased to have the continued support of our banks, and of DCF, and to have now secured the support of ISIF, who we view as an important supporter of our ambitious growth strategy.”

Karnasch Managing Director, Michael Karnasch, said:

“We are very pleased to be able to join with ATA who we know well and have hugely regarded for over twenty years. ATA are a progressive industry leader. We believe that our new combination provides many excellent opportunities to accelerate for growth, both for our business and for our employees.”

ISIF Senior Investment Director, Fergal McAleavey said:

“This is an excellent example of ISIF’s support for indigenous businesses in regions throughout Ireland. As a minority investor bringing long-term capital, ISIF is delighted to team up with ambitious Irish businesses such as ATA as they continue to scale up and expand their domestic and international operations. This is consistent with ISIF’s ‘double bottom line’ mandate of generating a commercial return and supporting economic activity and employment in Ireland.”

About ISIF

The Ireland Strategic Investment Fund, managed and controlled by the National Treasury Management Agency (NTMA), is an €8.9 billion sovereign development fund with a unique mandate. ISIF has a statutory mandate to invest on a commercial basis in a manner designed to support economic activity and employment in Ireland. The fund’s predecessor was the National Pensions Reserve Fund (NPRF).

April 4, 2019 (Rowley, MA) – Harvey Performance Company is proud to announce a new partnership with SolidCAM, the industry leaders in integrated CAM software. SolidCAM software runs directly inside the popular SOLIDWORKS and Autodesk Inventor CAD programs, with seamless integration and full tool path associativity.

As a result of this new partnership, SolidCAM users can expect to see updated Helical Solutions tool libraries, new Harvey Tool and Micro 100 tool libraries, and more engaging technical content in the coming months. Users will see the immediate benefits of this new partnership during the upcoming Live Machining Webinar titled “The Science of Cutting” hosted by SolidCAM on April 10. This webinar will feature live machining with Helical Solutions tooling, utilizing SolidCAM’s iMachining technology. Interested viewers can register for this event here.

Key SolidCAM and Harvey Performance Company Customer Benefits:

• Harvey Performance Company tool libraries optimized for SolidCAM users
• New educational and technical content for machinists and programmers
• The opportunity for CAM and tooling companies to learn from each other, bettering the overall customer experience from tool selection to programming.

“SolidCAM and Harvey Performance Company are a great fit as partners,” said Jeff Rauseo, Senior Marketing Specialist – Strategic Partnerships & Applications, Harvey Performance Company. “We are especially excited to work with them on their iMachining technology, which utilizes many of the same High Efficiency Milling techniques and benefits that we share with our customers regularly.”

“SolidCAM is honored to embark on this partnership with Harvey Performance Company,” said Ken Merritt, Director of Partner Projects & Senior Applications Engineer, SolidCAM. “The Harvey Performance Company tooling brands are a great fit with iMachining, providing high performance chip removal that does not limit the performance of SolidCAM’s revolutionary iMachining tool path.”

About SolidCAM
SolidCAM provides a powerful, easy-to-use, integrated CAD/CAM solution that supports the complete range of major manufacturing applications, including iMachining 2D and 3D, 2.5D Milling, High Speed Surface Machining, 3D Milling/High-Speed Machining, Multi-sided Indexial 4/5 axis Milling, Simultaneous 5 axes Milling, Turning, advanced Mill-Turn including Swiss-Type CNCs and WireEDM. SolidCAM’s patented, unique revolutionary iMachining technology saves 70% in CNC machining time and more and extends tool life dramatically. The iMachining Technology Wizard provides a reliable partner in automatically determining speeds and feeds and other machining parameters. iMachining provides unbelievable savings and increased efficiency in CNC milling operations, translating into profits and success. All SolidCAM customers worldwide, who bought iMachining, are enjoying immense savings! For more information visit www.solidcam.com.

About Harvey Performance Company
Harvey Performance Company strives to offer unique and innovative products to solve industries’ most challenging machining requirements. Its distinct brands, Harvey Tool, Helical Solutions, and Micro 100, serve specialty needs and markets with a shared commitment to delivering high quality friendly service, providing comprehensive product support, and treating customers, suppliers, and shareholders in a way that builds strategic, strong, products and superior service. The brands offer a broad range of products and services that help support machinists, engineers, and CNC programmers while giving their shops a competitive advantage. Harvey Performance has a proud history of doing business the right way – offering fast and enduring relationships. For more information visit www.harveyperformance.com.

Rowley, Massachusetts and Meridian, Idaho (January 15, 2019) – Harvey Performance Company (“Harvey Performance” or the “company”), a leading provider of specialized cutting tools for precision machining applications through industry leading brands Harvey Tool and Helical Solutions, today announced the acquisition of Micro 100.  Based in Meridian, Idaho, Micro 100 is a leading innovator in turning tools, specializing in internal boring, grooving and threading tools and milling tools.

Micro 100’s position as a manufacturer of outstanding products in both the turning and milling categories makes it an ideal addition to the Harvey Performance portfolio of brands. Its products provide a strong complement to Harvey Tool’s miniature and specialty profile tooling and Helical Solutions’ high performance end mill selection. Because of this, the addition of Micro 100 significantly increases the company’s market opportunity.

“We are on a journey to assemble and build a world-class company made up of outstanding brands and product lines supported by incredible people,” said Pete Jenkins CEO of Harvey Performance Company.  “The addition of Micro 100 products to the Harvey Performance portfolio will help accelerate our ability to do just that. Micro 100 has a demonstrated dedication to quality products, excellent reputation and outstanding service – all traits that are consistent with the Harvey Performance way of doing business.”

“The Harvey Tool and Helical Solutions Brands serve some of the most advanced and demanding end users in the industry,” said Jerry Gleisner, Senior Vice President of Sales for Harvey Performance Company. “Micro 100’s product line, particularly their strong focus in turning tooling, will allow us to offer additional capabilities and value to our distributors and end users.”

Moving forward, the Harvey Performance team will focus on scaling and growing each of the company’s three brands. “We will continue to manufacture Helical Solutions product in our Gorham, Maine facility and Micro 100 product in the Meridian, Idaho location,” said Brian McKahan, Vice President of Operations of the Harvey Performance Company. “We have plans for significant investment and growth across all of our brands.”

The acquisition of Micro 100 better positions Harvey Performance and its brands to compete and grow.  “One thing that is a constant in our business is change, with regular consolidation amongst our competitors, our distributors and our end users,” said Jenkins. “We will continue to look to expand our product portfolio through acquisition.  Scale matters, and we believe that – through thoughtful assembly of brands and products – we can enhance the end users’ productivity and increasingly earn their business.”

Harvey Performance Company is backed by global growth investor Summit Partners.  Jay Pauley, Summit Partners Managing Director and member of the Harvey Performance board, reiterated the strategic importance of this acquisition.  “Micro 100 is a growth business with products that complement the Harvey Performance suite extremely well.  We are excited to welcome the Micro 100 team to the Harvey Performance Company Family.”

About Harvey Performance Company

Harvey Performance Company strives to offer unique and innovative products to solve industries’ most challenging machining requirements.  Its distinct brands, Harvey Tool, Helical Solutions, and Micro 100, serve specialty needs and markets with a shared commitment to delivering high quality products and superior service.  The brands offer a broad range of products and services that help support machinists, engineers, and CNC programmers while giving their shops a competitive advantage.  Harvey Performance has a proud history of doing business the right way – offering fast friendly service, providing comprehensive product support, and treating customers, suppliers, and shareholders in a way that builds strategic, strong, and enduring relationships.  For more information visit www.harveyperformance.com.

ROWLEY, MA (August 29, 2018) – Harvey Performance Company is proud to announce, effective immediately, the entire end mill tool libraries for both Harvey Tool and Helical Solutions, representing more than 14,000 SKU’s, are available to upload into Autodesk’s Fusion 360 CAM Software. This new partnership between Harvey Performance Company’s leading cutting tool brands and Autodesk eliminates the need for machinists to manually build Harvey Tool and Helical Solutions tools for projects programmed with their Fusion 360 CAM program, resulting in substantial time savings.

Autodesk Partnership Overview

• All Harvey Tool and Helical Solutions end mills are now available to download and easily import into Autodesk’s Fusion 360 software.
• Comprehensive dimensional and required geometrical data, data users would otherwise be required to measure themselves, is now available for more than 14,000 tools.
• Speeds and feeds information is not prepopulated, allowing users to determine the appropriate running parameters for their specific job and machining setups.
• Harvey Tool and Helical Solutions will continue to add more tool libraries for import into the Fusion 360 CAM software over the next several months. Future updates will include Harvey Tool specialty profiles and drills, as well as Helical Solutions Chamfer Mills.