Lapmaster Buys Peter Wolters

The deal's details were not disclosed.

Lapmaster Group Holdings LLC, a supplier of high-precision equipment and services for lapping, polishing, grinding, and honing, has acquired Peter Wolters GmbH, a provider of machine tools and systems for high-precision surface processing.

Terms of the acquisition were not disclosed.

“This merger of complementary market leaders will create an even stronger global player with unparalleled technical capabilities in the industry,” said Brian Nelson, president and CEO of Lapmaster. “The team of 600 professionals in the combined entity will provide the level of service and support that customers have come to expect from Lapmaster and Peter Wolters across Europe, Asia and the Americas.”

CEO of Peter Wolters, David Celli, added: “This combination provides a clear choice for end-users globally that require micron-level surface finishing solutions for the most stringent and demanding applications in consumer electronics, prime wafer and general industries. We look forward to working together over the coming years.”

Lapmaster is headquartered outside Chicago, Iill.

About Peter Wolters isheadquartered in Rendsburg, Germany. U.S. offices are in Massachusetts and Illinois.

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