The CERATIZIT Group, headquartered in Mamer, Luxembourg, has announced the acquisition of the KOMET GROUP headquartered in Besigheim, Germany, effective immediately.
"The disruptive changes in the market environment pose enormous challenges for KOMET. The acquisition by CERATIZIT now opens up new opportunities for sustainable growth," said 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."
"This move lifts the close and long-standing partnership between the two companies to a new level," said Jacques Lanners, CEO of the CERATIZIT Group. "It opens up completely new prospects both for our customers and our employees."
CERATIZIT is committed to Germany as a key production and innovation hub. "Employees can look forward to a positive and attractive future because, as a privately owned company, CERATIZIT is keen to develop its sites in a sustainable manner," said Bönsch. "Implementation of the `KOMET 2026' strategy will proceed as planned, thus ensuring that the jobs are safe."
The KOMET brand will play a pivotal role in the CERATIZIT Group's cutting tools strategy. Going forward, customers will have an even stronger partner in all areas of cutting tools technology, from turning and milling to the complete machining of holes. "The synergies in terms of technical expertise in substrate development, sintering technology, cutting tools technologies and coating are substantial and represent significant added value for our customers," said Lanners.
The growing importance of digitalization is a key issue for the future for CERATIZIT and KOMET as well. "KOMET has carved out an excellent position in this field with its Digital Productivity Solutions and will assume an important role within the CERATIZIT Group in developing innovative products in the Industry 4.0 domain. In addition to offering digital solutions, KOMET realigned itself with two additional business areas, Productivity Components and Engineered Productivity Solutions, aimed at providing customers with exactly the tools they need to boost their productivity," said a company spokesperson.
The internationally active CERATIZIT Group unites four competence brands: Cutting Solutions by CERATIZIT, Hard Material Solutions by CERATIZIT, Tool Solutions by CERATIZIT and Toolmaker Solutions by CERATIZIT as well as various subsidiaries.
For more information contact:
CERATIZIT USA, Inc.
11355 Stephens Road
Warren, MI 48089-1833
800-783-2280 / 586-759-2280
www.ceratizit.com
KOMET GROUP GmbH
www.kometgroup.com