Ceratizit acquires precision tool manufacturer Komet

October 16, 2017

October 16, 2017

Ceratizit acquires precision tool manufacturer Komet

Komet Group headquarters in Besigheim, Germany (Courtesy Ceratizit)


Ceratizit Group, Mamer, Luxembourg, has announced the acquisition of Komet Group, Besigheim, Germany, effective October 12, 2017, subject to the approval of the antitrust authorities. Komet manufactures high-precision tools and has reportedly been one of the innovation leaders in this field for almost 100 years. The group currently employs 1,500 employees and is represented by twenty-two global subsidiaries.

“This move lifts the close and long-standing partnership between the two companies to a new level,” explained Jacques Lanners, Chairman of the Executive Board, Ceratizit. “It opens up completely new prospects both for our customers and our employees.” According to Ceratizit, the Komet brand will now play a pivotal role in the group’s cutting tools strategy, from turning and milling to the complete machining of holes.

“The synergies in terms of technical expertise in substrate development, sintering technology, cutting tools technologies and coating are substantial and represent significant added value for our customers”, added Lanners.

“The disruptive changes in the market environment pose enormous challenges for Komet,” Dr Christof Bönsch, Komet CEO. “The acquisition by Ceratizit now opens up new opportunities for sustainable growth. The takeover sees the emergence of a new global player with superior technology expertise and broad market access.”

“Employees can look forward to a positive and attractive future,” Bönsch continued, “because, as a privately owned company, Ceratizit is keen to develop its sites in a sustainable manner. The implementation of the ‘KOMET 2026’ strategy will be continued in order to ensure the safety of the jobs.”

In addition to playing a key role in Ceratizit’s cutting tools strategy, the company also reportedly offers ‘Digital Productivity Solutions’ to the group, which could enable it to develop products in line with the demands of Industry 4.0.

According to Ceratizit, this acquisition is part of a continued growth strategy which has enabled it to double sales in the past ten years while strengthening its position in core markets. The positive synergies generated by the complementary product and customer portfolios of both companies will create new growth opportunities in the medium term.


October 16, 2017

In the latest issue of PM Review…

Download PDF

Extensive Powder Metallurgy industry news coverage, and the following exclusive deep-dive articles and reports:

  • Phoenix Sintered Metals: A story of transformation, growth and community from America’s PM heartland
  • World PM2024 Yokohama: The stage is set for the PM industry to find a path to sustainable growth
  • The state of Europe’s hard magnets industry and the challenge of optimising the mass production of Nd2Fe14B permanent magnets

The latest news from the world of metal powders, delivered to your inbox

Don't miss any new issue of PM Review, and get the latest industry news. Sign up to our weekly newsletter.

Sign up

Join our community

Discover our magazine archive…

The free-to-access PM Review magazine archive offers unparalleled insight into the world of Powder Metallurgy from a commercial and technological perspective through:

  • Reports on visits to leading PM part manufacturers, metal powder manufacturers and industry suppliers
  • Articles on technology and application trends
  • Information on materials developments
  • Reviews of key technical presentations from the international conference circuit
  • International industry news

All past issues are available to download as free PDFs or view in your browser.


Browse the archive


Looking for PM production equipment, metal powders, R&D support and more?

Discover suppliers of these and more in our
advertisers’ index and buyer’s guide, available in the back of PM Review magazine.

  • Powders & materials
  • Powder process, classification & analysis
  • PM products
  • Atomisers & powder production technology
  • Compaction presses, tooling & ancillaries
  • Sintering equipment & ancillaries
  • Post-processing
  • Consulting & toll sintering
View online
Share via
Copy link