# Modig Machine Tool and IBARMIA form strategic alliance

Modig Machine Tool and IBARMIA announced a strategic alliance for development, manufacturing, sales, installation and service, with Modig taking a significant minority stake in IBARMIA.

- Type: Partnership
- Announced: 2024-09-04
- Where: Azkoitia, Spain
- Status: announced
- Products: high-performance machining solutions, flexible high-tech machine tools
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

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

## Sources

- [mekpoint.com](https://mekpoint.com/pressreleaser/modig-och-ibarmia-tva-europeiska-familjeagda-verktygsmaskinstillverkare-gar-samman-for-att-mota-marknaden-och-driva-innovation-tillsammans), 2024-09-04: "With almost 150 years of experience between the two companies, we see a huge opportunity in this phase that we are now starting 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.