The provider of customized nano-automation solutions and precision metrology, DWFritz Automation acquires Sandvik AB (OM: SAND) by an affiliate of Balmoral Funds LLC. Balmoral’s acquisition partners include industry veterans Michael Pacione, Paul Cihak, Tyler McCoy, and Jason Darley. These partners bring expertise in automation, semiconductor, and A&D technology, and will serve as owners and board members. DWF is debt-free with a significant cash balance to invest in growth.
This strategic move positions DWF as an independent leader in custom precision automation, specializing in micron-level metrology, testing, and assembly. With its new leadership, refined strategy, and key partnerships, the company is set to drive innovation, accelerate growth, and establish new standards in advanced automation. This will enable DWF to better serve customers in multiple dynamic sectors including medtech, electronics, e-mobility, and energy.
Michael Pacione brings 34 years of extensive experience in leadership roles in automation and metrology at ABB, ATS, and KUKA. He will serve as CEO and board member for DWF. “I’m thrilled to join DWF and lead this exceptional team at such an exciting time,” said Michael. “DWF’s custom nano-automation solutions are awe-inspiring, pushing the boundaries of innovation in high-precision manufacturing. By upgrading our technology, refining business processes, and advancing software development, we are positioning DWF for sustainable growth and operational efficiency. These efforts will also empower our talented employees to unlock their full technical potential, enabling them to drive innovation and deliver exceptional solutions at scale, ensuring we continue meeting the evolving needs of our customers.”
Interim Chief Commercial Officer Paul Cihak, also a Board Member, with 23 years of experience at STMicroelectronics, brings extensive experience in strategic accounts, global sales leadership, and business development. Paul added, “I’m excited to support DWF’s commercial organization by revitalizing cherished long-standing relationships and building new customer partnerships. DWF is already a trusted problem solver for the most complex challenges our customers face, and we’re excited to expand our reach, delivering these innovative and tailored solutions to a broader range of industries and clients as we continue to grow the business.”
Robin Nourmand, Managing Director at Balmoral Funds, affirms the firm’s intention to invest substantially in DWF and notes, “Our partnership with the management team and retention and augmentation of all key technical talent at DWF is rooted in a shared vision of growth and innovation. By providing DWF with the necessary resources, including capital and strategic support, we are confident in the company’s ability to achieve our mutual objectives and unlock the company’s full potential. We look forward to working closely with the team to drive significant advancements while empowering DWF to build on its legacy as an industry leader.”
