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