Headquartered in Newberg, Oregon, Climax Portable Machine Tools is the leading global manufacturer of portable machining and welding tools and valve test systems used in a diverse set of industrial end markets. The Company’s portable systems, which include boring bars, flange facers, milling machines, pipe cutters and bore welders, are principally used in maintenance, repair and overhaul applications where repair work is performed at the installed location of the equipment. Climax offers the broadest line of products in the industry, including standard and custom-engineered solutions, parts and accessories and a global rentals business.
The Company serves a diverse customer base including equipment OEMs, industrial service providers and end-users in the power generation, construction equipment, downstream oil & gas and general industrial markets. Customers prefer using portable machine tools as their use results in faster turnaround times, reduced equipment or facility downtime and lower repair costs compared to traditional methods of shipping equipment off-site for repair work. Climax has a well-established global footprint with production facilities, sales offices and rental depots located throughout the world, including regional headquarters in the U.S., Germany, Singapore, UAE, Poland and the U.K.
Climax pioneered portable machining technology over 50 years ago and has been a leader in designing and engineering the highest quality and most reliable products in the market. Companies with mission-critical, tight-tolerance machining tasks require reliable tools to achieve efficiency and profitability. With over 75 standard products and services and custom engineered products available for purchase or rent, Climax offers one-stop shopping, and is the only global company that never competes with its customers.
Acquisition Details – Industrial Growth Partners acquired Climax in June 2013. The transaction created a platform for Climax to accelerate growth by expanding its service offering into new geographies and pursuing strategic add-on acquisitions. In October 2015, Climax significantly expanded its presence in the power generation and downstream oil and gas market through the acquisition of H&S Tool, a Wadsworth, Ohio-based manufacturer of portable machine tools that it provides for either sale or rent. In late 2013, Climax also acquired Calder Testers, a leading designer and manufacturer of hydrostatic and pneumatic valve testing equipment.
To learn more about Climax Portable Machine Tools visit http://www.climaxportable.com/