# Starrag and Tornos to merge, forming StarragTornos Group

Swiss machine tool makers Starrag and Tornos have signed a merger agreement to form StarragTornos Group. The deal, announced on October 26, 2023, is expected to close in December 2023, pending shareholder approvals.

- Type: Acquisition
- Announced: 2023-10-26
- Where: Switzerland
- Status: announced
- Products: machine tools
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Starrag](https://endata.com/companies/16535.md)
- [Starrag](https://endata.com/companies/16535.md) (acquirer)
- [Tornos](https://endata.com/companies/17440.md) (target)

## Sources

- [swissinfo.ch](https://www.swissinfo.ch/ger/werkzeugmaschinen-hersteller-starrag-und-tornos-wollen-fusionieren/48926844), 2023-10-26: "Mit dem Zusammenschluss entstehe ein neuer, starker Konzern, der die Zukunft der globalen zerspanenden Werkzeugmaschinenindustrie wesentlich mitgestalten werde."
- [laliberte.ch](https://www.laliberte.ch/articles/starrag-et-tornos-vont-fusionner-763343), 2023-10-26: "Machines outils. Starrag et Tornos vont fusionner"
- [lenzstaehelin.com](https://www.lenzstaehelin.com/news-and-insights/browse-deals-and-cases/dealscases-detail/merger-of-starrag-and-tornos/), 2023-10-27: "Under the terms of the merger, Tornos will be absorbed by Starrag and the Tornos shares will be exchanged into new listed Starrag shares for which Starrag will increase its share capital."
- [caplaw.ch](https://caplaw.ch/2023/starrag-and-tornoss-merger/), 2023-12-13: "The two traditional Swiss precision machine tool manufacturers Starrag and Tornos, both listed at the SIX Swiss Exchange, announced on 26 October 2023 that they entered into a merger agreement."

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