# MODIG acquires German machine tool maker LiCON

MODIG, based in Kalmar, Sweden, has announced the strategic acquisition of LiCON, a German manufacturer of high-performance machining solutions. LiCON will join the group alongside Modig Machine Tool and IBARMIA.

- Type: Acquisition
- Announced: 2024-03-25
- Where: Germany
- Status: announced
- Products: high-performance machining solutions, horizontal machining centers, automated production systems
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

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

## Sources

- [ibarmia.com](https://www.ibarmia.com/de/ibarmia-live/unsere-allianz-mit-modig-wird-durch-den-erwerb-von-licon-erweitert/), 2024-03-25: "Diese Übernahme ist ein wichtiger Meilenstein für die Gruppe und spiegelt unser Engagement für langfristiges Wachstum, Innovation und Zusammenarbeit wider."
- [ibarmia.com](https://www.ibarmia.com/de/ibarmia-live/modig-und-ibarmia-schliessen-sich-zusammen/), 2024-04-24: "MODIG und IBARMIA, zwei traditionsreiche europäische Werkzeugmaschinenbauer in Familienbesitz, vereinen ihre Kräfte, um gemeinsam Märkte und Innovationen zu erschließen."

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