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SawStop to be acquired by TTS Tooltechnic Systems

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Forum topic by TheDane posted 07-01-2017 01:56 PM 553 views 0 times favorited 3 replies Add to Favorites Watch
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TheDane

5334 posts in 3503 days


07-01-2017 01:56 PM

Topic tags/keywords: news sawstop tts tooltechnic systems

Somehow, I missed this …

http://www.woodworkingnetwork.com/news/woodworking-industry-news/sawstop-be-acquired-tts-tooltechnic-systems

SawStop to be acquired by TTS Tooltechnic Systems
By Karl D. Forth June 26, 2017 | 3:55 pm EDT

TUALATIN, Oregon – SawStop has announced the acquisition of SawStop, LLC by TTS Tooltechnic Systems, a family-owned company based in Wendlingen, Germany. The TTS family of companies includes Festool, Tanos, Cleantec and others, and employs more than 2,500 people worldwide.

“We are proud to join a company with a shared passion for customer safety, product quality and meticulous engineering,” said SawStop’s president, Dr. Stephen Gass. “Speaking for our entire team in Tualatin, Oregon, and across North America, we are excited to join with TTS to bring safer woodworking to more people through new tools and in new markets around the world. With a family like TTS at our side, I can’t wait to see what we will accomplish together.”

The acquisition is expected to be completed in July 2017. SawStop’s current management team will continue to operate the company out of its Oregon headquarters.

SawStop was established in 1999. The company’s saws are designed to minimize saw-related injuries and the costs associated with them. See http://www.sawstop.com.

-- Gerry -- "I don't plan to ever really grow up ... I'm just going to learn how to act in public!"


3 replies so far

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jonah

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#1 posted 07-01-2017 02:39 PM

There are already two threads on this…

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Rick_M

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#2 posted 07-01-2017 05:12 PM

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Joe Lyddon

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#3 posted 07-02-2017 04:44 AM

Looks like Dr. Gass gassed out, taking his $$$ and running!

-- Have Fun! Joe Lyddon - Alta Loma, CA USA - Home: http://www.WoodworkStuff.net ... My Small Gallery: http://www.ncwoodworker.net/pp/showgallery.php?ppuser=1389&cat=500"

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