Madison-based Tormach, a supplier of CNC machines, tooling, and automation, recently announced it has acquired Guadalajara, Mexico-based Insofos, a manufacturing, engineering services, and consulting firm. Terms of the acquisition were not disclosed.
Tormach and Insofos have worked together for several years, and over time, Tormach became Insofos’ top customer. Insofos has 35 employees, including co-founders Jesus Gonzalez and Ramon Contreras. The company benefits from having the Instituto Tecnologico y de Estudios Superiores de Occidente nearby.
Under the terms of the agreement, Insofos is 100% owned by Tormach, but it will keep the Insofos name. All Insofos employees are now part of Tormach’s Employee Stock Ownership Program.
