Valiant Group Of Companies To Be Acquired By A Chinese Consortium
Thursday October 20th, 2016
Posted at 1:32pm
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A purchase agreement has been signed by Solcz Group Inc to sell the Valiant TMS Group of Companies to a Chinese consortium.
Valiant TMS is a global provider of automated production systems and specialized tooling serving the automotive, aerospace and heavy industry sectors. It provides a wide range of solutions for body-in-white welding and assembly systems, powertrain assembly systems, industrial parts washers and leak test machines, plastic injection and composite tooling, final vehicle assembly systems and various part handling and transport systems.
Founded in 1959 as Valiant Machine & Tool Inc. by Mr. Michael G. Solcz, Valiant TMS is headquartered here in Windsor and has expanded its operations to 27 facilities in 15 countries.
In 2006, Turnkey Manufacturing Solutions GmbH (“TMS”) in Linz, Austria was acquired by the Valiant Group. Earlier this year, the company launched a global strategy initiative to further align the Valiant and TMS organizations which includes adopting one single brand name for all global operations—Valiant TMS. Hence, the global group is now referred to as the Valiant TMS Group of Companies.
“For over 57 years, Valiant TMS has been committed to delivering our customers optimal automation and tooling solutions globally. The resources of the Chinese consortium will assist Valiant TMS to serve our customers in new regions and realize opportunities in expanded sectors in an ever-changing global marketplace,” said Marty Solcz, Chairman, Solcz Group Inc.
Valiant TMS will continue to operate under the same management team.
The transaction is scheduled to close in late 2016, subject to regulatory filings and the identity of the buyer is being held confidential until closing.
The value has not been disclosed.