# MGG Group acquires Eurotech Group

MGG Group B.V., a specialist in high-precision aluminum sand casting, acquired Eurotech Group B.V., which has sites in the Netherlands, Czech Republic and Germany. The acquisition strengthens MGG's position in the European aluminum casting market.

- Type: Acquisition
- Announced: 2018-02-21
- Where: Tegelen, Netherlands
- Status: announced
- Products: high-precision aluminum sand castings and subassemblies
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Parcom Capital](https://endata.com/companies/21877.md) (investor)
- [MGG Group](https://endata.com/companies/21878.md) (acquirer)
- [Eurotech](https://endata.com/companies/26820.md) (target)
- [Eurotech Benelux](https://endata.com/companies/30235.md) (target)

## Sources

- [parcom.com](https://parcom.com/en/mgg-strengthens-its-position-in-the-european-market-of-high-precision-aluminum-components-with-the-acquisition-of-eurotech-group/), 2018-02-21: "MGG Group B.V. announces the acquisition of Eurotech Group B.V."
- [unquote.com](https://www.unquote.com/france/official-record/3008753/parcoms-mgg-group-buys-eurotech), 2018-02-22: "Parcom Capital-backed Dutch aluminium castings developer MGG Group has announced the acquisition of Eurotech Benelux."

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