Sigma Electric, a leading global manufacturer of precision engineered metal components, announced that it has acquired Tooling Dynamics, the leading US manufacturer of high volume, precision metal stamping and Swiss screw machining, in a move that will significantly expand Sigma’s capabilities and benefit its customers.
Viren Joshi, Chief Executive Officer and President, Sigma Electric, says, “Tooling Dynamics’ strength as a valued supplier for their connectivity and electrification-focused customers is a highly complementary fit with Sigma Electric, and we warmly welcome the Tooling Dynamics team. This acquisition is a transformational moment for Sigma Electric, representing our continued efforts to bring a broad offering of technology-driven solutions to help our customers effectively manage electrical systems, power transfer applications, and connectivity requirements more reliably, efficiently, safely and sustainably. The customers and the end markets that both our organizations serve, are driven by an unstoppable need for continuous product innovation and the proliferation of incorporating communication and other technology into nearly every product/application, regardless of the end-market.”
Bob Updike, President & CEO, Tooling Dynamics, says “We are proud of Tooling Dynamics’ long history of being a valued engineered-solutions provider for high volume, high speed, precision, highly-complex and tight-tolerance stamped components. We look forward to our joining the Sigma family of services and solutions and our next phase of growth as a part of Sigma Electric’s global offering.”
Tooling Dynamics’ renowned expertise working with very thin gauge metals under extremely tight tolerances allows it to tackle the toughest jobs in the electronic and telecommunications connector world.
Sigma Electric is the leading global manufacturer of precision engineered metal components for end markets benefiting from increased electrification and connectivity. It has seventeen world-class manufacturing and supply chain facilities across the United States, India, and Mexico. The supplies and services multinational corporations across the world in the electrical, power transmission & distribution, aerospace and defense, instrumentation, consumer electronics, and general industrial markets.
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