• MMS Youtube
  • MMS Facebook
  • MMS Linkedin
  • MMS Twitter
10/26/2017 | 1 MINUTE READ

Ceratizit Group Acquires Komet Group

Facebook Share Icon LinkedIn Share Icon Twitter Share Icon Share by EMail icon Print Icon

The Ceratizit aims to position Komet for developing cutting tool products in the Industry 4.0 domain.

Share

Facebook Share Icon LinkedIn Share Icon Twitter Share Icon Share by EMail icon Print Icon

The Ceratizit Group (Mamer, Luxembourg) has announced the acquisition of the Komet Group (Besigheim, Germany).

“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.”

The implementation of the company’s “Komet 2026” strategy will be continued in order to ensure job safety for the company.

The Komet brand will play a pivotal role in the Ceratizit Group’s cutting tools strategy going forward. “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,” says Jacques Lanners, Chairman of the Ceratizit Group Executive Board.

The growing importance of digitalization is a key issue for the future for both companies, according to Ceratizit. Komet has carved out a position in this field with its Digital Productivity Solutions and will assume an important role within the Ceratizit Group developing 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.

Ceratizit, with more than 9,000 employees at 34 production sites worldwide, will manufacture products in close proximity to customers. The product portfolio covers all major cutting tools technologies.

The acquisition marks the continued implementation of the Ceratizit Group’s growth strategy, which thus far has enabled it to double sales in the past ten years while strengthening its position in core markets.

RELATED CONTENT

  • Taking The Fear Out Of Hard Turning

    To make the transition to hard turning, you'll need to switch from carbide to CBN inserts, but that is easier (and more economical) than you might think. It's making the jump to much higher surface speeds that might scare you off. It needn't. Here's why.

  • Drill And Bore With A Face Mill

    Cutting holes by interpolating a face milling cutter may be a better process choice for many rough and even finish boring operations. Software improvements and better cutter designs allow expanding use of the versatile face mill for hole making.

  • Start With The Right Speeds And Feeds

    Running rotary milling cutters at the proper speeds and feeds is critical to obtaining long tool life and superior results, and a good place to start is with the manufacturer's recommendations. These formulas and tips provide useful guidelines.

Resources

Thanks for considering a subscription to Modern Machine Shop. We’re sorry to see you go, but if you change your mind, we’d still love to have you as a reader. Just click here.