# CIDAN Machinery acquires Forstner Maschinenbau

CIDAN Machinery Sweden AB acquired 100% of the shares in Austrian Forstner Maschinenbau GmbH, effective end of December 2017. Forstner produces coil processing machines for the sheet metal market.

- Type: Acquisition
- Announced: 2018-01-09
- Where: Feldkirch, Austria
- Status: completed
- Products: coil processing machines, sheet metal machinery
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [CIDAN Machinery Sweden AB](https://endata.com/companies/18114.md) (acquirer)
- [Forstner Maschinenbau GmbH](https://endata.com/companies/18115.md) (target)

## Sources

- [mynewsdesk.com](https://www.mynewsdesk.com/se/cidan-machinery-sweden-ab/pressreleases/cidan-machinery-sweden-ab-acquires-forstner-maschinenbau-gmbh-in-austria-2365953), 2018-01-09: "Forstner's complementing high quality machines and strong presence in the German speaking countries gives the new group a fresh stronghold on a global 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.