Summa Acquires CadCam Technology; Expanding Business in Cutting and Laser Technology
Summa and CadCam Technology, an expert in innovative laser technologies for the textile industry, join forces through a merger of their businesses. Summa acquires CadCam Technology Ltd. and its subsidiary GS UK Ltd. to strengthen its position as the leading manufacturer in print finishing equipment. The merged business will continue as before and will complement each other in order to offer customers even better solutions.
CadCam Technology (CCT), with headquarters in Nottingham, United Kingdom, is developer and manufacturer of highly advanced laser cutting and laser engraving machines. Moreover, CCT has an extensive history of software development and is the pioneer of integrating vision systems and camera recognition into finishing equipment. Their innovative nature has ensured the company is still leading in technology and product development today. The main markets are soft signage, garment, and garment embellishment, with major customers in the automotive, solar panels, sportswear, and footwear industries.
In close collaboration with CCT, its subsidiary GS is an important UK distributor and test center of CCT equipment. Through the distribution of equipment, software, and supplies, GS has a very strong relationship with the textile industry. Their excellent reputation in the market brings a lot of opportunities to further grow the garment and garment embellishment business.
“We have seen a substantial growth in Summa in recent years and the acquisition of CCT is a real milestone for us,” said Erwin Vandousselaere, CEO of Summa. “The complementarity with Summa is remarkable, at which CCT is very innovative and experienced in the garment industry. Together we will be stronger to achieve further growth.”
The specialization of CCT is offering customized solutions based on their product range and core technologies, while Summa has proven to develop and produce high-quality product series. By combining both teams, the organization has experts on all levels.
“With Summa, I am fully convinced that CCT will have continuity through their worldwide network and well-developed sales and marketing capacities,” said John Bell, Founder of CCT and GS UK. “We have been working together since the early nineties, where CCT uses Summa's controllers and Summa uses CCT's software. That makes Summa our ideal partner to enlarge the business.”
Through the acquisition, Summa expands its technology resources in the sign industry with a focus on the textile industry in every key region of the world. The ambition is to fully concentrate on increased geographical, as well as market expansion and to release new innovative products. In time, the Summa product portfolio will be enriched with a cutting-edge laser product line.