# Indutrade acquires Inovatools

Nasdaq Stockholm-listed Indutrade has taken over Germany-based tool manufacturer Inovatools. Inovatools generates about €43 million in turnover and has over 250 employees.

- Type: Acquisition
- Announced: 2018-04-17
- Where: Kinding-Haunstetten, Germany
- Status: completed
- Products: solid carbide tools, milling cutters, drills, reamers
- 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)
- [Inovatools Eckerle & Ertel GmbH](https://endata.com/companies/18592.md) (target)

## Sources

- [etmm-online.com](https://www.etmm-online.com/swedish-indutrade-buys-in-on-inovatools-a-706728/), 2018-04-17: "We see clear advantages in attracting a long-term and financially strong owner with Indutrade and planning profitable growth from an international perspective."
- [ctemag.com](https://ctemag.com/news/indutrade-ab-acquires-inovatools-eckerle-ertel-gmbh/), 2018-05-04: "The Swedish investor Indutrade AB, which is listed on Nasdaq Stockholm, is the new owner of the tool manufacturer Inovatools Eckerle & Ertel GmbH from Kinding-Haunstetten, Germany."

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