# OSG Group acquires 55% stake in SMOC INDUSTRIES

OSG Group, a global leader in cutting tools, became the major shareholder of SMOC INDUSTRIES by acquiring 55% of its shares, expanding its sales proposition to the aerospace market and strengthening positions between France and Asia.

- Type: Acquisition
- Announced: 2017-09-07
- Where: France
- Status: completed
- Products: cutting tools
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [OSG Group](https://endata.com/companies/17606.md) (acquirer)
- [SMOC INDUSTRIES](https://endata.com/companies/17607.md) (target)

## Sources

- [smoc.fr](https://www.smoc.fr/smoc-industries-rejoint-famille-osg/), 2017-09-07: "Well known as the global leader in cutting tools, the OSG Group becomes the major shareholder of SMOC INDUSTRIES by taking 55% of its shares."

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