SawStop to Be Acquired by TTS Tooltechnic Systems
Festool's parent company is buying the flesh-sensing saw company.
With new rules regarding tablesaw safety being proposed by the Consumer Product Safety Commission (CPSC) and while still engaging in legal battles with Bosch, it has been announced that the innovative SawStop company is being sold. TTS Tooltechnic Systems is set to acquire SawStop, LLC, and the acquisition is expected to be completed in July 2017.
Best known in the United States for its Festool brand, the TTS family of companies also includes Tanos, Cleantec and others. TTS is a third-generation family-owned company based in Wendlingen, Germany, and employs more than 2,500 people.
“We are proud to join a company with a shared passion for customer safety, product quality and meticulous engineering,” said SawStop’s President, Dr. Stephen Gass. “Speaking for our entire team in Tualatin, Oregon, and across North America, we are excited to join with TTS to bring safer woodworking to more people through new tools and in new markets around the world. With a family like TTS at our side, I can’t wait to see what we will accomplish together.”
It has been reported that SawStop’s current management team will continue to operate the company out of its Oregon headquarters.
Bosch, the maker of the REAXX finger-saving tablesaw, is currently seeking an appeal in the U.S. Court of Appeals for the Federal Circuit.
For more information, check out these Fine Homebuilding posts:
- CPSC Proposes New Safety Rule for Tablesaws
- SawStop Claims Victory in Lawsuit with Bosch
- Tool Test: SawStop’s Portable Tablesaw
- Finally, Another Finger-saving Tablesaw
- Video: Bosch Reaxx Finger-Saving Tablesaw Demonstration
- Man Wins Big Money in Table Saw Law Suit
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