# MODIG and IBARMIA form strategic partnership; MODIG takes minority stake

MODIG and IBARMIA announced a strategic partnership, with MODIG taking a substantial minority stake in IBARMIA, to strengthen their market position in machine tools.

- Type: Partnership
- Announced: 2024-05-16
- Status: completed
- Products: machining solutions, machining centers
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Modig Machine Tool](https://endata.com/companies/16330.md) (investor)
- [IBARMIA](https://endata.com/companies/17120.md) (target)

## Sources

- [ibarmia.com](https://www.ibarmia.com/en/ibarmia-live/modig-and-ibarmia-join-forces/), 2024-05-16: "MODIG and IBARMIA, two historic European family-owned Machine Tool companies, join forces to address markets and innovation together"

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