Teknikor acquires Oxford Engineering
Oxford Engineering, a precision machinery alignment company, has been acquired by Teknikor, which specializes in plant and manufacturing retrofits and upgrades.
Teknikor, Inc. announced it has completed the acquisition of Oxford Engineering - a Connecticut-based provider of highly-specialized precision machinery alignment services critical to ensuring equipment performance across a number of different industries including wire and cable, rubber and plastics, and paper manufacturing. Financial terms of the agreement remain undisclosed.
The acquisition gives Teknikor, a specialist in plant and manufacturing systems upgrades, retrofits and relocations, additional expertise to add to its integrated service delivery offering. The move expands the company's operations and reduces the need for subcontractors.
"Our goal since the beginning was to buy or build the different skill sets and expertise that come into play when we perform operations and manufacturing maintenance," states Teknikor CEO Phil Pelletier. "Oxford Engineering not only fills a critical need in our services continuum, they are the best in the industry at what they do." Since its founding in 1981, Oxford Engineering has performed work for a number of Fortune 500 companies including Du Pont and Dow Chemical. Pelletier goes on to say that the two companies share similar priorities and credit their shared emphasis on training and retaining long-term employees for the success of their respective companies. Oxford Engineering's technicians and engineers are trained at the renowned, ISO 9001:2008-certified Brunson Instrument Company.
Joining Teknikor will be Oxford Engineering founder Jack Grosberg. "This acquisition is all about becoming part of an innovative company that is reinventing its own industry," observes Grosberg. "Teknikor is leading the way in its integrated services approach to plant and operations systems management and I'm excited that Oxford Engineering play a critical role in the company's future."