# Nagel-Gruppe acquires insolvent Gehring

Nagel-Gruppe has completed the acquisition of the insolvent Gehring companies in Germany, including Gehring Technologies, Diato, and Gehring Production. The deal involves a significant workforce reduction: 111 of 345 employees in Ostfildern and 70 of 185 in Naumburg will not be retained.

- Type: Acquisition
- Announced: 2020-12-16
- Where: Ostfildern and Naumburg, Germany
- Jobs: -181
- Status: completed
- Products: honing machines, production lines for electric motors, laser applications, cutting tools, FFP2 masks
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Nagel-Gruppe](https://endata.com/companies/51939.md) (acquirer)
- [Gehring Technologies](https://endata.com/companies/51940.md) (target)
- [Diato](https://endata.com/companies/51941.md) (target)
- [Gehring Production](https://endata.com/companies/51942.md) (target)

## Sources

- [teckbote.de](https://www.teckbote.de/nachrichten/teckregion/die-nagel-gruppe-%C3%BCbernimmt-insolvente-firma-gehring_arid-263124.html), 2020-12-16: "Leider war die Übernahme nicht ohne einen Personalabbau möglich."

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