# Tooltechnic Systems acquires Shaper Tools

Shaper Tools announced its acquisition by Tooltechnic Systems (TTS), the parent company of Festool, SawStop, and others. Shaper Tools will remain headquartered in San Francisco and continue developing its handheld CNC machine, Origin.

- Type: Acquisition
- Announced: 2019-01-04
- Where: San Francisco, United States
- Status: completed
- Products: handheld CNC machine (Shaper Origin)
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Tooltechnic Systems](https://endata.com/companies/19426.md) (acquirer)
- [Shaper Tools](https://endata.com/companies/19427.md) (target)

## Sources

- [kroll.com](https://www.kroll.com/en/transactions/technology-ma-practice-advised-sharper-on-its-acquisition-by-festool), 2019-01-04: "We couldn't be more proud and excited to tap into the incredible wealth of knowledge and resources that TTS is able to provide, which will allow us to accelerate our plans for bringing Origin and other exciting Shaper products to a global stage."

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