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Silmax opened a new 10,000 sq. ft. manufacturing facility in Devanahalli, Bengaluru, with a monthly production capacity of 4,000 to 5,000 cutting tools. The company targets ₹100 crore in revenue from the plant.
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.
Pferd Tools, a German surface finishing and cutting solutions company, acquired a majority stake in Italian tool manufacturer Silmax Group. The acquisition was finalized in May 2024 and integrates Silmax's plants as Competence Centres within the Pferd Tools Group.
| Site | Largest | Latest |
|---|---|---|
| Devanahalli, India | 2025-11-13 |