# MODIG acquires German machine tool manufacturer LiCON

MODIG, headquartered in Kalmar, Sweden, 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: 2024-04-15
- Where: Germany
- Status: announced
- Products: 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) (acquirer)
- [LiCON](https://endata.com/companies/75338.md) (target)

## Sources

- [ibarmia.com](https://www.ibarmia.com/en/ibarmia-live/our-partnership-with-modig-expands-through-the-acquisition-of-licon/), 2024-04-15: "This acquisition marks an important milestone for the Group and reflects our commitment to long term growth, innovation, and 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.