◂ Announcements

Aug 15, 2019ACQUISITIONHeddesheim and Gorsdorf, Germany, Germany

ATA Tools Group acquires Karnasch Professional Tools

ATA Tools Group, an Irish precision engineering group, acquired Karnasch Professional Tools GmbH, a German precision industrial tools manufacturer. The combined enterprise is valued at approximately €160 million.

Value

$178.0M (160.0M EUR)

Status

Completed

Productsprecision industrial tools for grinding, milling, cutting, sawing, drilling

CompaniesATA Tools Group acquirer Karnasch Professional Tools target

Sectors#Industrial Machinery

“The acquisition of Karnasch marks another important milestone for ATA and the first since the 2016 management buyout of its private equity partners.”ctemag.com

1 source
ctemag.comATA Tools Group Ltd. acquires Karnasch Professional Tools GmbHAug 15, 2019

Summarized from public sources; check the original articles before acting on it.

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