# Modig Group acquires German machine tool maker LiCON

Modig, a Swedish manufacturing solutions provider, announced the strategic acquisition of LiCON, a German manufacturer of high-performance machining centers. LiCON joins Modig Machine Tool and IBARMIA (in which Modig holds a minority stake) in the group.

- Type: Acquisition
- Announced: 2024-05-16
- Where: Germany
- Status: announced
- Products: horizontal machining centers, highly automated production systems
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [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/ibarmia-live/nuestra-alianza-con-modig-se-amplia-con-la-adquisicion-de-licon/), 2024-05-16: "Esta adquisición marca un hito importante para el Grupo y refleja nuestro compromiso con el crecimiento a largo plazo, la innovación y la colaboración."

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