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Software Provider Opens Office in India

Monday, May 14, 2007
Forming Technologies Inc. (FTI), Oakville, Ontario, Canada, a provider of software for design, simulation and costing of sheetmetal components, has opened a subsidiary office in Pune, India. The new office, named Forming Technologies India Pvt. Ltd., will be headed by Anand Nigudkar, who had been owner and director of Horizon Engineering Systems of Pune, a reseller of FTI products. Nigudkar decided to close Horizon. Learn more at

Oak Products Undergoes Name Change

Monday, May 14, 2007
Oak Products, Sturgis, MI, has been renamed Oak Press Solutions Inc., to better represent the firm’s product lines, technologies and services offered. Oak manufactures high-speed presses and turnkey press lines, including its new Pressmart control package, and provides material-handling integration. Learn more at

Lincoln Electric Acquires
Eastern European Electrode Manufacturer

Friday, May 11, 2007
Poland’s Spawmet Sp. z.o.o., a privately held manufacturer of welding electrodes, has been acquired by Lincoln Electric Holdings, Inc., Cleveland, OH. The acquisition allows Lincoln to pursue its growth strategy for the distribution markets in Eastern Europe, say its officials. Spawmet’s annual sales are near $5 million USD. Learn more at


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