KOMET Group has been sold to Ceratizit
Lincoln International is pleased to announce that it has advised Robert Breuning Stiftung (foundation) as sole shareholder in the sale of KOMET GROUP to Luxembourg-based Ceratizit SA (“Ceratizit”). With more than 9,000 employees at 34 production facilities worldwide, the newly formed group emerges as a global player among the top five in the international cutting tools industry. Both parties agreed not to disclose the purchase price.
KOMET GROUP is a leading full-range supplier for high-precision tools, developing and distributing technologically advanced and innovative solutions and premium products in the fields of drilling, reaming, milling and threading. Headquartered in Besigheim near Stuttgart, the group of companies employs a total staff of more than 1,500 across 22 subsidiaries and is represented in about 50 countries worldwide.
Ceratizit, a member of Austria-based Plansee Group, is a global player in the hard metal industry with more than 7,000 employees at 27 production sites. As a pioneer in developing exceptional hard material products for cutting tools and wear protection, the company develops and manufactures highly specialized carbide cutting tools, inserts and rods made of hard materials as well as wear parts.
Lincoln International was mandated by Robert Breuning Stiftung (foundation) as exclusive mergers and acquisitions investment banking advisor to support and advise the sellers and management along all economic, financial and tactical aspects related to the sale process.
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