# Indutrade completes acquisition of Inovatools Group

Indutrade has completed the acquisition of all shares in German metal cutting tools manufacturer Inovatools Group, with annual sales of approximately EUR 33 million and about 200 employees.

- Type: Acquisition
- Announced: 2017-11-27
- Where: Germany
- Status: completed
- Products: metal cutting tools, solid carbide end mills
- 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-s-acquisition-of-inovatools-group-completed,c2401104), 2017-11-27: "As announced in a press release on 22 September, Indutrade today carried out the acquisition of all the shares in the German Inovatools Group."

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