# MODIG Group acquires LiCON machine tool manufacturer

MODIG, a Swedish group, announced the strategic acquisition of LiCON, a German machine tool manufacturer. LiCON joins the group alongside Modig Machine Tool and IBARMIA, in which MODIG holds a significant minority stake.

- Type: Acquisition
- Announced: 2024-01-31
- Where: Germany
- Status: announced
- Products: machine tools, horizontal machining centers, automated production systems
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Modig Machine Tool](https://endata.com/companies/16330.md) (partner)
- [IBARMIA](https://endata.com/companies/17120.md) (partner)
- [MODIG](https://endata.com/companies/52034.md) (acquirer)
- [LiCON](https://endata.com/companies/75338.md) (target)

## Sources

- [ibarmia.com](https://www.ibarmia.com/fr/ibarmia-live/notre-alliance-avec-modig-selargit-avec-lacquisition-de-licon/), 2024-01-31: "Cette acquisition marque une étape importante pour le groupe et reflète notre engagement en faveur de la croissance à long terme, de l'innovation et de la collaboration."

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