# Indutrade acquires Inovatools Group

Indutrade AB signed an agreement to acquire all shares of German metal cutting tools manufacturer Inovatools Group, which has annual sales of approximately EUR 33 million and 200 employees. The acquisition is contingent on regulatory approval.

- Type: Acquisition
- Announced: 2017-09-22
- Where: Germany
- Status: announced
- Products: solid carbide end mills, metal cutting tools
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Indutrade](https://endata.com/companies/5501.md) (acquirer)
- [Inovatools Group](https://endata.com/companies/17664.md) (target)

## Sources

- [news.cision.com](https://news.cision.com/indutrade-ab/r/indutrade-acquires-inovatools-group,c2353661), 2017-09-22: "Indutrade has gotten to know Inovatools over several years’ time, and we are impressed with the company’s fine performance."

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