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Aciera was founded in Le Locle, Switzerland, in 1903, in an area long associated with the manufacture of high-precision mechanical timepieces. Their first products were exclusively for the local watch and clock-making industries but, with the advent of WW1 (in 1914), production expanded to include machine tools that could be sold into a wider market. By the mid 1970s the Company was at its zenith, with a recently completed factory at Le-Crêt-du-Locle and more than 134 production machines in use. Unfortunately, these good times were not to last and, after a disastrous attempt to move too early into NC machines (although the F1NC ran from late in 1970 until 1986) and a buy-out by the German Hermle Machine Tool Group, bankruptcy followed in 1992 - with the assets bought by an Indonesia company. An attempt at production overseas appears to have been made, but the surviving photographs show a machine of indifferent quality with many of the cast parts replaced with bolted together, plate fabrications. Aciera F Series precision milling machines were eventually to be built in several versions: the first, in the 1930s was the F11 followed, in 1943, by the quite different and super-precision F12; after this, in the late 1940s, came the long-lived and very popular F1 and (rare) F2 - with both designed for clock, watch and instrument work. Larger machines were the more general-purpose F3, F4 and F5 models. In addition, by the early 1970s, a limited number of production variants were also being manufactured designated F1N, F1h, F1NC, F3EC and F5NC
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