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CERATIZIT Austria GmbH Metallwerk-Plansee-Straße 71 6600 Reutte, Austria http://www.ceratizit.com
Contact Ms Marta Cwilichowska
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CERATIZIT Austria GmbH

CERATIZIT S.A. acquires KOMET GROUP GmbH

New global player in cutting tools

(PresseBox) (Mamer, Luxembourg / Besigheim, Germany, )
The CERATIZIT Group, headquartered in Mamer, Luxembourg, today announced the acquisition of the KOMET GROUP, headquartered in Besigheim, Germany, effective October 12, 2017. The transaction is still subject to the approval of the antitrust authorities.

“The disruptive changes in the market environment pose enormous challenges for KOMET. The acquisition by CERATIZIT now opens up new opportunities for sustainable growth”, says Dr. Christof Bönsch, CEO of the KOMET GROUP. “The takeover sees the emergence of a new global player with superior technology expertise and broad market access”, adds Dr. Bönsch. “This move lifts the close and long-standing partnership between the two
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