◂ Announcements

May 27, 2024ACQUISITIONLanzo, Italy

August Rüggeberg acquires majority stake in Silmax Group

The Silmax Group announced a strategic alliance with August Rüggeberg GmbH & Co. KG (PFERD-Werkzeuge), which acquired a majority stake in Silmax. Silmax will continue to operate from Lanzo, Italy, with its CEO remaining as an important shareholder.

Status

Announced

Productstools for surface machiningmetal cutting tools

CompaniesAugust Rüggeberg GmbH & Co. KG acquirer Silmax Group target

Sectors#Industrial Machinery

“The operation involving the acquisition of a majority stake on the German side represents a great opportunity for Silmax to accelerate its ambitious planned development project.”silmax.it

1 source
silmax.itNew German strategic partner - SilmaxUfficio MarketingMay 27, 2024

Summarized from public sources; check the original articles before acting on it.

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