# Tornos evaluates merger with Starrag

The Board of Directors of Tornos Holding decided on May 26, 2023 to evaluate a possible merger of the Tornos Group with the Starrag Group. Both are machine tool manufacturers.

- Type: Acquisition
- Announced: 2023-05-26
- Where: Switzerland
- Status: rumored
- Products: machine tools
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Tornos](https://endata.com/companies/17440.md)
- [Starrag](https://endata.com/companies/16535.md) (partner)
- [Starrag](https://endata.com/companies/16535.md) (target)
- [Tornos](https://endata.com/companies/17440.md) (target)
- [Walter Fust](https://endata.com/companies/70557.md) (investor)

## Sources

- [siams.ch](https://www.siams.ch/news-en/Tornos-evaluates-a-merger-with-Starrag/5565), 2023-05-30: "On May 26, 2023, the Board of Directors of Tornos Holding Ltd. decided to evaluate a possible merger of the Tornos Group with the Starrag Group."
- [nzz.ch](https://www.nzz.ch/wirtschaft/ld.1740180), 2023-05-30: "Nun ist für den 81-Jährigen aber der Zeitpunkt gekommen, Verhandlungen über eine Fusion aufzunehmen."

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