Ceratizit Group has announced it has acquired Germany’s Becker Diamantwerkzeuge, a producer of wear resistant tools for the automotive, mechanical engineering, medical technology and aerospace industries.
Becker Diamantwerkzeuge employs 70 people in Puchheim near Munich, Landsberg am Lech and Idar-Oberstein. It was stated that the transaction will not affect the company’s customers and dealers. Alexander Becker, the former co-owner, will lead the company as Managing Director.
Becker’s tools are designed for use with materials that are exotic and difficult to machine such as aluminium, carbon fibre reinforced plastics or high alloy steel. In order to minimise wear whist machining, the cutting edges of the carbide tools are reinforced with diamonds or boron nitride.
Both companies agreed not to disclose financial details of the transaction.