# Plansee Group becomes majority shareholder in Ceratizit

The Plansee Group will increase its stake in Ceratizit S.A. from 50% to a majority interest, effective March 1, 2021. The transaction is subject to antitrust approval and financial details are confidential.

- Type: Acquisition
- Announced: 2021-02-24
- Where: Luxembourg
- Status: announced
- Products: carbide tools, tungsten carbide tools
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Ceratizit Group](https://endata.com/companies/16606.md) (target)
- [Plansee](https://endata.com/companies/23176.md) (acquirer)

## Sources

- [plansee.com](https://www.plansee.com/en/company/news/2021/plansee-group-becomes-majority-shareholder-in-ceratizit-group.html), 2021-02-24: "We want to continue Ceratizit's success story–more quickly and more effectively, by being the majority shareholder."

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