TIE Acquires Parker Group

TIE, or Tennessee Industrial Electronics, the LaVergne (TN) supplier of refurbished industrial electronic FANUC CNC component parts, has acquired The Parker Group, Inc. (“PGI”), the company announced October 3.  tie-horizontal-2-min

PGI is an integrated depot repair center specializing in electronic and servo-mechanical products headquartered outside of Detroit in Clinton Township, Michigan. The company has over 30 years of experience repairing and rebuilding automation equipment from manufacturers in a number of industries—servo, power supply, welding, and elevator controls being just a few that showcase its diverse spectrum. TIE, meanwhile, specializes in repair and replacement of FANUC components including servo motors and drives, spindle motors, servo amplifiers, controls, monitors, PCBs, and robot parts. The two companies seem like a natural fit.

“PGI’s extensive product knowledge and in-house technical repair capabilities are highly complementary to TIE’s FANUC parts and repair expertise,” said Tony Wisniewski, CEO of TIE, in a press release the day of the acquisition. Wisniewski continued, “PGI will add extensive electronic repair expertise across new key OEMs including Siemens, Allen-Bradley, Okuma, and Baldor, making the company a one-stop-shop for all CNC electronics parts and repairs.”

The acquisition reflects an effort by TIE to expand beyond its core of FANUC parts and repair capabilities to include depot repair services into other manufacturers, such as those named above. The company hopes additional motor makers will come along as automation becomes a more dominant industry but still requires diverse repair options at its foundation.

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