# SFO Group acquires SHW Werkzeugmaschinen GmbH

SHW Werkzeugmaschinen GmbH, which filed for insolvency in May 2018, has been acquired by the SFO Group, a holding company of a Munich-based entrepreneurial family. The workforce of about 240 employees at the Aalen headquarters has been taken over.

- Type: Acquisition
- Announced: 2018-09-17
- Where: Aalen, Germany, Germany
- Jobs: 240
- Status: completed
- Products: high-tech milling machines
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [SFO Group](https://endata.com/companies/19062.md) (acquirer)
- [SHW Werkzeugmaschinen](https://endata.com/companies/19063.md) (target)

## Sources

- [shw-wm.de](https://shw-wm.de/en/investor-found-for-shw-werkzeugmaschinen-gmbh/), 2018-09-17: "The Swabian company thus remains in the hands of southern German investors."
- [wintergerst.com](https://www.wintergerst.com/en/news/article/wintergerst-assists-the-takeover-of-shw-werkzeugmaschinen-by-a-southern-german-family-owned-corporation), 2018-09-28: "It is intended to retain the location in Aalen-Wasseralfingen and all the jobs at the innovative manufacturer of plant and machinery."
- [shw-wm.de](https://shw-wm.de/shw-wm-neustart-mit-investor/), 2018-10-31: "Wir werden massiv in Forschung, Entwicklung und Innovationen investieren."

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