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TJM Capital Partners purchased the Machine Tool Solutions Division of the UK's 600 Group, including Colchester Machine Tool Solutions and Clausing Industrial, on April 8, 2022.
The 600 Group PLC has entered into a conditional agreement to sell its Machine Tool Solutions Division to Timesavers Acquisition, LLC for $21 million. The division includes 600 UK Limited, Colchester GmbH, 600 Machinery Australia Pty Ltd and Clausing Industrial, Inc.
600 Group Plc acquired the entire manual machine tools business of Kondia, formerly Spain's largest milling machine manufacturer, for EUR 50,000. The acquisition includes the Kondia name, all IP, and spare parts inventory.