# 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.

- Type: Acquisition
- Announced: 2024-05-27
- Where: Lanzo, Italy
- Status: announced
- Products: tools for surface machining, metal cutting tools
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [August Rüggeberg GmbH & Co. KG](https://endata.com/companies/77669.md) (acquirer)
- [Silmax Group](https://endata.com/companies/77670.md) (target)

## Sources

- [silmax.it](https://www.silmax.it/en/accordo-strategico-con-il-gruppo-tedesco-august-ruggeberg-gmbh-co-kg-pferd-werkzeuge/), 2024-05-27: "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."

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