# CHIRON Group acquires 90% of HSTEC

CHIRON Group SE acquired 90% of shares in Croatian company HSTEC, a specialist in high-speed motor spindles for machining. The acquisition expands CHIRON's services in Eastern Europe and its expertise in motor spindle components.

- Type: Acquisition
- Announced: 2022-08-01
- Where: Zadar, Croatia
- Status: announced
- Products: high-speed motor spindles
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Chiron](https://endata.com/companies/17289.md) (acquirer)
- [HSTEC](https://endata.com/companies/64578.md) (target)

## Sources

- [karanovicpartners.com](https://www.karanovicpartners.com/news/chiron-group-acquires-croatian-company-hstec/), 2022-08-04: "With this acquisition, Chiron Group SE continues to expand its services in the Eastern Europe, as well as broaden their expertise in the motor spindle key component."

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