# 600 Group to sell Machine Tool Solutions Division to Timesavers Acquisition

The 600 Group PLC has entered into a conditional agreement to sell its Machine Tool Solutions Division to Timesavers Acquisition, LLC for $21 million. The division includes 600 UK Limited, Colchester GmbH, 600 Machinery Australia Pty Ltd and Clausing Industrial, Inc.

- Type: Acquisition
- Announced: 2022-03-07
- Where: United Kingdom
- Value: $21.0M
- Status: announced
- Products: machine tools
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [600 Group Plc](https://endata.com/companies/16627.md)
- [Timesavers Acquisition](https://endata.com/companies/61462.md) (acquirer)

## Sources

- [investormeetcompany.com](https://www.investormeetcompany.com/companies/600-group-plc/rns/2913157/view), 2022-03-07: "The proposed disposal of our Machine Tool Solutions Division is the culmination of this strategy and will provide the Group with the funds to strengthen our balance sheet and further accelerate the growth of our laser division."
- [stockopedia.com](https://www.stockopedia.com/share-prices/600-LON:SIXH/news/proposed-disposal-of-machine-tool-solutions-019e6ccb-efc8-717a-8ed2-cf4956e74383/), 2022-07-03: "The proposed disposal of our Machine Tool Solutions Division is the culmination of this strategy and will provide the Group with the funds to strengthen our balance sheet and further accelerate the growth of our laser division."

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