# SCM Group acquires 51% of HG Grimme

SCM Group signed an agreement to acquire 51% of HG Grimme, a German specialist in systems for machining plastic and composite materials, to strengthen global leadership in technological solutions for processing plastic and composite materials.

- Type: Acquisition
- Announced: 2017-08-04
- Where: Germany
- Status: announced
- Products: machines and systems for machining plastic and composite materials
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [SCM Group](https://endata.com/companies/17477.md) (acquirer)
- [HG Grimme](https://endata.com/companies/17478.md) (target)

## Sources

- [scmgroup.com](https://www.scmgroup.com/en_US/news-events/news/accord-entre-scm-group-et-hg-grimme.n47464.html), 2017-08-03: "SCM Group, the leading multinational Italian-based company active in design, construction and distribution of machines and industrial equipment, and HG Grimme, German specialist in systems for machining plastic and composite materials, signed an agreement by which SCM Group acquires 51% of HG Grimme"

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