# Suvema AG and Newemag AG merge to form TOLUS Group AG

Suvema AG and Newemag AG have merged to create TOLUS Group AG, a new Swiss leader in CNC machine tool solutions. The merger combines over 100 years of experience.

- Type: Acquisition
- Announced: 2024-02-15
- Where: Switzerland
- Status: completed
- Products: CNC machine tools
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Newemag AG](https://endata.com/companies/60580.md) (target)
- [Suvema AG](https://endata.com/companies/60581.md) (target)
- [TOLUS Group AG](https://endata.com/companies/75663.md) (acquirer)

## Sources

- [fr.eurotec-online.com](https://fr.eurotec-online.com/le-regroupement-de-suvema-ag-et-de-newemag-ag-en-tolus-group-ag-cree-le-nouveau-leader-suisse-de-la-branche-pour-les-solutions-globales-de-machines-outils-cnc-specifiques-aux-besoins-des-clients), 2024-02-15: "Le regroupement de ces deux puissantes branches de l'industrie donne naissance à TOLUS Group."

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