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Sawstop sold?

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Forum topic by alittleoff posted 12-15-2017 04:21 AM 549 views 0 times favorited 8 replies Add to Favorites Watch
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alittleoff

541 posts in 1425 days


12-15-2017 04:21 AM

Anyone heard this? TTS Tooltechnic Systems AG & Co. KG a German third-generation family-owned co. Buys Sawstop.
Gerald


8 replies so far

View waho6o9's profile

waho6o9

8434 posts in 2726 days


#1 posted 12-15-2017 04:48 AM

Wasn’t it Festool?

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MrUnix

6949 posts in 2348 days


#2 posted 12-15-2017 05:04 AM

Wasn t it Festool?
- waho6o9

Festool is a TTS brand. This subject was brought up and beat about quite a while ago.

Cheers,
Brad

-- Brad in FL - In Dog I trust... everything else is questionable

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waho6o9

8434 posts in 2726 days


#3 posted 12-15-2017 05:08 AM

Thanks for the clarification

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AlaskaGuy

4522 posts in 2458 days


#4 posted 12-15-2017 06:10 AM



Anyone heard this? TTS Tooltechnic Systems AG & Co. KG a German third-generation family-owned co. Buys Sawstop.
Gerald

- alittleoff


http://lumberjocks.com/topics/227377

-- Alaskan's for Global warming!

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AlmostRetired

217 posts in 863 days


#5 posted 12-15-2017 06:53 AM

Got mine a few months ago. Based on the quality that Festool provides in their tools this only makes sense. I hope the customer services at SawStop remains the same as I keep hearing/reading good things.

Roger

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alittleoff

541 posts in 1425 days


#6 posted 12-15-2017 06:58 AM

Found this after looking around.

TTS Tooltechnic Systems to acquire SawStop, LLC
TTS Tooltechnic Systems signed Purchase Agreement to acquire US enterprise SawStop, LLC, thus expanding the TTS range of products to table saws and enhancing the company’s expertise to further safeguard operator safety. SawStop, LLC is a US manufacturer of high-quality saws headquartered in Tualatin, Oregon near Portland, USA that offers unmatched safety technology. Active Injury Mitigation (AIM) is a pioneering technology that prevents saw operators from suffering serious cuts and wounds by stopping the blade within only a few milliseconds if the saw blade comes in contact with the operator’s skin.

For TTS and the company’s subsidiaries, it has always been a top priority to deliver precision results with maximum operator protection. The newly acquired technology, which TTS will continue to develop together with the SawStop team, supports these priorities and prepares TTS to face stricter safety requirements that are likely to be imposed on power tools.

The acquisition is expected to be completed in July 2017. SawStop will be integrated into the TTS group as a separate legal entity and both the name and brand will be preserved. The company’s current management team will continue to operate SawStop. The parties have agreed to refrain from disclosing the purchase price.

About SawStop, LLC
SawStop, LLC is one of the leading providers of table saws in the United States of America and is headquartered in Tualatin, Oregon, south of Portland. AIM technology was invented by Dr. Steve Gass, and the first SawStop saw shipped in 2004. SawStop has a staff of more than 60 and generates in 2016 sales revenues of just under 40 million US dollars, manufacturing high quality, meticulously engineered table saws. For more information see www.sawstop.com

Information on TTS as a company
TTS Tooltechnic Systems AG & Co. KG is a German third-generation family-owned SME that is active on a global scale, has a staff of more than 2,500 and sells and markets its products through 25 proprietary sales subsidiaries as well as more than 40 import partners around the globe. The company is long established in the highly competitive power tool market, primarily with the Festool brand, as a specialist for woodworkers, painters, automotive and renovation, restoration and refurbishment. In 2016 the TTS group generated consolidated sales revenues of EUR 580 million. For more information see www.tooltechnicsystems.com

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Woodknack

12370 posts in 2529 days


#7 posted 12-15-2017 07:11 AM

I posted an April Fools joke that Festool bought Sawstop, then it happened. Jokes on me.

-- Rick M, http://thewoodknack.blogspot.com/

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rbrjr1

170 posts in 354 days


#8 posted 12-15-2017 01:17 PM

so now sawstop TSs will start at $5,000 and go up to $15,000 ?

-- only an idiot dismisses an intelligent statement because they dont know anything about the person delivering it.

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