Antitrust authorities approve acquisition of the KOMET GROUP by CERATIZIT
The approval of the responsible antitrust authorities has finally cleared the way for CERATIZIT’s acquisition of the KOMET GROUP. As a result, the CERATIZIT Group will climb into the Top 5 in the market for cutting tools on an international level.
The acquisition of KOMET significantly increases the CERATIZIT Group’s market share in the field of cutting tools. In the medium term, the two companies’ complementary product and customer portfolios will also create new opportunities for growth. In addition, KOMET is also an important gain in terms of Industry 4.0 and additive manufacturing, both of which will be important topics in future.
Jacques Lanners, Chairman of the Executive Board of the CERATIZIT Group, believes the acquisition will set the course for a successful future: “We are delighted that, following the positive decision of the authorities, we can finally conclude the acquisition. In partnership with KOMET, we are now even better equipped to meet the major challenges facing the sector and become even more successful as a company.”
Further information on the acquisition can be found in the press release of 13 October.