# 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.

- Type: Acquisition
- Announced: 2019-08-15
- Where: Heddesheim and Gorsdorf, Germany, Germany
- Value: $178.0M (160.0M EUR)
- Status: completed
- Products: precision industrial tools for grinding, milling, cutting, sawing, drilling
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [ATA Tools Group](https://endata.com/companies/41367.md) (acquirer)
- [Karnasch Professional Tools](https://endata.com/companies/41368.md) (target)

## Sources

- [ctemag.com](https://ctemag.com/news/ata-tools-group-ltd-acquires-karnasch-professional-tools-gmbh/), 2019-08-15: "The acquisition of Karnasch marks another important milestone for ATA and the first since the 2016 management buyout of its private equity partners."

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