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These press releases are information we send to industry publications about new products and new technology.

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    BROWNSBURG, IN (June 1, 2016) --- CEO of John Force Racing Inc. and 16-time NHRA Funny Car champion John Force along with Cory Miller, General Manager of ...Read more  >>Tags: Industry

    BROWNSBURG, IN (June 1, 2016) --- CEO of John Force Racing Inc. and 16-time NHRA Funny Car champion John Force along with Cory Miller, General Manager of Hurco North America, announced an initial five year agreement between the Indianapolis area based companies that will continue to enhance the development and production capabilities of JFR and its Force American Made (FAM) machining company. FAM will be adding Hurco’s latest product technology with six state-of-the-art CNC machining and turning centers plus all support equipment to the machine shop area.


    “I am excited about this agreement with Hurco because having technology like these machines will translate to wins on the racetrack and take us to the next level. Not only are we getting high quality machines but we are also getting the experts to help us run them and train our engineers. It was great to work out this deal with Cory and I know all the guys in the shop are excited to get these machines in here and start putting them to work,” said John Force.


    “We are looking forward to entertaining customers here at our shop as well as working with them at the IMTS and PRI shows. We are also going to be using our FAM shop as a showcase and training facility for their products,” added Force.


    Hurco is an Indianapolis-based company with global reach. It has divisions throughout North America, Europe, and Asia. Their corporate offices have been located in Indianapolis, Indiana since the company's founding in 1968. Hurco engineers will be assisting John Force Racing with the set-up and training of all the new Hurco products. With more than 60 active patents, Hurco is focused on continuous innovation that makes machinists more productive and machine shops more profitable.


    “John Force Racing is a legendary brand in the world of NHRA and Hurco is proud to partner with them. We often say the world of racing and machining are a lot alike because the name of the game is speed, power, and precision. The JFR team and their facility, which is just down the road from Hurco’s international headquarters, are top notch and the ability to showcase our CNC machine technology at JFR’s Force American Made machine shop will be very beneficial. I know the sophisticated technology of the Hurco CNC machines will serve JFR well,” said Cory Miller, General Manager of Hurco North America.


    Hurco is installing the most technologically sophisticated CNC machines at JFR’s FAM shop, including the 5-axis VMX42SRTi and the TMX10MYSi slant-bed lathe with live tooling and sub-spindle in addition to other CNC machines from the VMX Performance Series. All of the Hurco CNC machining centers are equipped with UltiMotion, which is the motion system Hurco invented that significantly reduces cycle time as well as machine jerk while improving surface finish quality of parts. All of the HUrco CNC machines are equipped with the integrated MAX5 control powered by WinMax software, considered the most versatile in the industry as it has intuitive conversational programming, Industry Standard NC, and Hurco’s NC/Conversational Merge that blends both programming methods for increased productivity.

    JForce Deal AnnouncementPictured: From left, David Plank, Cory Miller and JForceOn Tuesday CEO of John Force Racing Inc.
    and 16-time NHRA Funny Car champion John Force
    Published: 6/7/2016 |  1:00 PM
  • Hurco Announces Acquisition of Two Machine Tool Companies

    INDIANAPOLIS, July 15, 2015 (GLOBE NEWSWIRE) -- Hurco Companies, Inc. (Nasdaq:HURC), a leader in the development and manufacture of machine tools with int...Read more  >>Tags: Industry

    INDIANAPOLIS, July 15, 2015 (GLOBE NEWSWIRE) -- Hurco Companies, Inc. (Nasdaq:HURC), a leader in the development and manufacture of machine tools with integrated control technologies for the worldwide metal cutting market, announced today that, through a wholly-owned subsidiary, it acquired substantially all of the assets of U.S.-based Milltronics Manufacturing Company, Inc. d/b/a Milltronics CNC Machines (Milltronics). Founded in 1973, Milltronics designs and manufactures CNC knee mills, toolroom bed mills, vertical machining centers, combination lathes, slant-bed lathes, horizontal machining centers, and bed mills.

    In addition, Hurco announced today that its subsidiary Hurco Manufacturing Limited (Hurco Ltd.) entered into an agreement to acquire the business, technology, goodwill and operating assets of Takumi Machinery Co., Ltd., a Taiwanese company founded in 1988 (Takumi). Takumi designs and manufactures CNC vertical machining centers, double column machining centers, high speed bridge machines and other machine tools, with sales primarily in Taiwan, China and Europe. Subject to approval of the acquisition by the shareholders of Takumi at a meeting to be held before the end of July 2015, and to customary closing conditions, Hurco expects the closing of the acquisition to occur by the end of July 2015. Liberty Diversified International, Inc. (LDI) is the sole shareholder of Milltronics and the owner of approximately 98% of the outstanding shares of Takumi. LDI has agreed to cause the required Takumi shareholder approval to be obtained.

    Mr. Gregory Volovic, President of Hurco, said:

    "We believe these strategic acquisitions will significantly benefit global customers and Hurco. The Milltronics and Takumi machine tool brands are strong global brands for expansive machine tool product lines. Milltronics and Takumi have a combined customer base exceeding 18,000 installed machines throughout 30 countries. Hurco plans to continue to market the Hurco, Milltronics and Takumi branded machine tool products separately, given the distinguishing, unique values of each product line and brand. The Hurco, Milltronics and Takumi machine tool product lines should benefit from development of product enhancements, technologies and models due to the ability to leverage shared resources and cross-utilization of proven engineering designs.  We believe these acquisitions will assist in our efforts to expand our global platform, particularly in strategic markets such as China and Latin America, and to achieve manufacturing cost reductions from economies of scale and manufacturing efficiencies."

    Mr. Volovic continued:

    "Takumi and Milltronics machine tool products and end user markets are highly complementary to Hurco machine tool products and end user markets, in that approximately 60% of Milltronics and Takumi's machine tool lines are unique, will expand our consolidated product range and customer base, and will accelerate emerging market penetration. For example, unlike Hurco and Milltronics machine tools, Takumi machines are equipped with industrial controls from Fanuc, Siemens, Mitsubishi or Heidenhain for high-volume manufacturing environments. The combined Hurco, Milltronics and Takumi businesses will represent one of the most comprehensive product portfolios in the machine tool industry, with more than 150 different models. We believe that these two acquisitions should be accretive to Hurco's consolidated earnings in its 2016 fiscal year."

    Michael Doar, Chairman of the Board and CEO of Hurco Companies, Inc., stated:

    "Since Hurco was founded in 1968, the cornerstone of the company has been its culture of innovation that focuses on consistent and continuous research and development. We are confident this culture will transfer to Milltronics and Takumi as they are both companies comprised of people who share our passion to advance the manufacturing industry through innovation. We look forward to working with Milltronics and Takumi employees and customers and sharing the success of our efforts with our shareholders.

    Published: 7/21/2015 |  4:01 PM
  • Hurco Expands Distribution to South America

    ​INDIANAPOLIS—Hurco announced the appointment of COSA IntermáquinasComércio De Máquinas e Equipamentos Ltda., as the exclusive full-service distributor o...Read more  >>Tags: Industry

    INDIANAPOLIS—Hurco announced the appointment of COSA IntermáquinasComércio De Máquinas e Equipamentos Ltda., as the exclusive full-service distributor of Hurco CNC machines in Brazil, South America. Hurco and COSA officially announced the partnership at the FEIMAFE show​ in Sao Paulo, Brazil.


    Joe Braun, General Manager of Hurco Americas, said, “We decided to expand our global reach to the world’s ninth largest market because we found the right partner in COSA. Due to the expertise of the more than 60 employees and the competence and experience of the leadership team, I am confident this relationship will benefit both Hurco and COSA in addition to manufacturers in Brazil.”


    Marcos Antoniazzi, Director of COSA Intermáquinas, said, “COSA is excited to represent Hurco in Brazil. The benefits of the Hurco CNC machines are ideal for the market in Brazil where almost 90 percent of the manufacturers are classified as small to medium in size. Due to the flexibility of the Hurco control, these manufacturers can make parts more efficiently and increase their profit margin because the control is equally powerful whether you use industry standard NC, or G-Code, or the intuitive Hurco conversational programming. Additionally, the NC/Conversational Merge feature of the Hurco control combines the benefits of both NC and conversational. This versatility will be very appealing to manufacturers in Brazil.”

     COSA and Hurco at FEIMAFE

    Hurco was founded in 1968 in the USA, and has 11 divisions internationally. The company is known for inventing control technology that makes manufacturers in the small to medium batch environment more profitable because the Hurco control minimizes programming and setup time. The company manufactures more than 60 models of CNC machines including 3-axis mills, 5-axis mills, slant-bed lathes, lathes with live tooling, boring mills, horizontal mills, heavy duty lathes, and double column machining centers.


    While COSA was founded in Switzerland in 1917 and started selling machinery in Brazil in 1942, the Brazilian COSA has been in operation as a private company since 1992. COSA is a full-service distributor with offices in Sao Paulo and Caxias Do Sul. The team of 60 employees includes applications engineers, sales engineers, service engineers, and administrative staff.


    Published: 7/6/2015 |  3:52 PM