# GreatStar Industrial to acquire Tesa Group for EUR 40 million

GreatStar Industrial announced plans to acquire Tesa Group, a Swiss high-precision measuring instrument manufacturer, from Hexagon Smart Solutions for EUR 40 million (USD 43.9 million) to enter the robotics parts processing machinery industry.

- Type: Acquisition
- Announced: 2023-12-19
- Where: Switzerland
- Value: $43.9M (40.0M EUR)
- Status: announced
- Products: high-precision measuring instruments
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [Tesa SE](https://endata.com/companies/32064.md) (target)
- [GreatStar Industrial](https://endata.com/companies/74542.md) (acquirer)
- [Hexagon Smart Solutions](https://endata.com/companies/74543.md) (partner)

## Sources

- [yicaiglobal.com](https://www.yicaiglobal.com/news/chinese-electric-tool-maker-greatstar-inches-up-on-plant-to-buy-switzerlands-tesa-for-usd44-million), 2023-12-20: "With the acquisition of Tesa, GreatStar aims to tap into the micron-level high-precision measuring instrument market segment to improve its existing product portfolio."

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