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CAD/CAM Buyout--Planit Holdings
Acquires Radan Group

Wednesday, June 11, 2003
Planit Holdings plc, an international company specializing in development and distribution of CAD/CAM applications, has acquired the Radan Group, a supplier of CAD/CAM software to the sheetmetal engineering industry. “The acquisition will allow us to extend our operations in the mechanical-engineering sector,” says Trevor Semadeni, Planit chief executive officer. “The integration of Radan distributors into Planit’s extensive distribution channels in Europe and the Far East also will provide an excellent base for the distribution of the group’s products.” Radan software includes the 3D sheetmetal design system, which automatically unfolds parts for downstream processing with company offerings such as Radpunch, Radprofile and RadbendCNC. The financial backing provided through the acquisition “will enable us to fund further research and development and bring new products to market faster,” says Chris Billet, U.S. general manager of sales for Radan. For more, visit

Fastems Opens North American Office in Dayton

Wednesday, June 11, 2003
Fastems, a European supplier of factory-automation systems, has opened its North American sales, service and distribution center, Fastems USA, in Dayton, OH. Mark Walker serves as president of the new center, which offers Fastems’ Flexible Manufacturing System (FMS). FMS is used to improve spindle utilization of machining centers and is compatible with a variety of machine tools and machine-tool controls. Fastems is headquartered in Tampere, Finland.

Tower Oil & Technology Gains ISO Registration

Tuesday, June 10, 2003
Tower Oil & Technology Co., Chicago, IL, has been registered to ISO 9001:2000. The company manufactures lubricants for metalforming, metal removal, rollforming, tube forming and other metalworking processes.


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