# Feintool acquires Schuler technology center in Tianjin

Schuler Group sold its technology center in Tianjin, China, to Swiss company Feintool. Feintool will produce precision automotive components using Schuler presses. The purchase agreement is expected to close at the end of March 2017.

- Type: Acquisition
- Announced: 2017-02-13
- Where: Tianjin, China
- Status: announced
- Products: precision automotive components
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Schuler Group](https://endata.com/companies/16758.md) (target)
- [Feintool](https://endata.com/companies/16759.md) (acquirer)

## Sources

- [powertransmissionworld.com](https://www.powertransmissionworld.com/schuler-sells-technology-center-in-tianjin-to-feintool/), 2017-02-13: "Since its launch in 2014, our TechCenter in Tianjin has been very well received by the market."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.