# TTS Tooltechnic acquires Shaper Tools

TTS Tooltechnic Systems, known for the Festool brand, has taken over U.S. startup Shaper Tools, Inc., which makes the handheld CNC router 'Origin'. Shaper Tools will remain an independent company within the TTS Group.

- Type: Acquisition
- Announced: 2019-12-09
- Where: San Francisco, California, United States
- Status: completed
- Products: handheld CNC router, Origin
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [TTS Tooltechnic Systems](https://endata.com/companies/17302.md) (acquirer)
- [Shaper Tools](https://endata.com/companies/19427.md) (target)

## Sources

- [woodandpanel.com](https://www.woodandpanel.com/woodnews/article/festoolusa-shaping-up-nicely/), 2019-12-09: "We couldn’t be more proud and excited to tap into the incredible wealth of knowledge and resources that TTS is able to provide."

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