Ceratizit S.A. Acquires Komet Group GmbH

Ceratizit says that Komet will play a key role in strengthening Ceratizit’s cutting tool offerings.

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The Ceratizit Group develops hard material products for cutting tools and wear protection. The Ceratizit Group is headquarted in Mamer, Luxembourg. On October 12, 2017, Ceratizit acquired Komet Group GmbH (KOMET of America, Inc.), a full-range supplier of high-precision tools. As of October 13, 2017, the move was still subject to the approval of anti-trust authorities. Komet Group is based in Besigheim, Germany. Komet Group anticipates opportunities for sustainable growth with Ceratizit and believes the move will be beneficial to customers and employees alike.

The Komet brand will play a pivotal role in the Ceratizit Group’s cutting tools strategy. The company says that going forward, customers will have an even stronger partner in all areas of cutting tools technology, from turning and milling to the complete machining of holes.

Digitalization is a key issue for the future for Ceratizit and Komet as well. Komet will assume an important role within the Ceratizit Group in developing innovative products in the Industry 4.0 domain. In addition to offering digital solutions, Komet realigned itself with two additional business areas, “Productivity Components” and “Engineered Productivity Solutions,” which it says are aimed at providing customers with exactly the tools they need to boost their productivity. Its more than 9,000 employees at 34 production sites worldwide will manufacture products in close proximity to customers. The product portfolio covers all major cutting tools technologies.