Ceratizit SA, Mamer, Luxembourg, and Komet Group GmbH, Besigheim, Germany, announced the acquisition of Komet Group effective Oct. 12. The transaction is still subject to the approval of antitrust authorities.
“The disruptive changes in the market environment pose enormous challenges for Komet. The acquisition by Ceratizit now opens up new opportunities for sustainable growth,” said Dr. Christof Bönsch, CEO of Komet Group. “The takeover sees the emergence of a new global player with superior technology expertise and broad market access,” added Bönsch. “This move lifts the close and longstanding partnership between the two companies to a new level,” said Jacques Lanners, chairman of the executive board of Ceratizit Group. “It opens up completely new prospects both for our customers and our employees,” added Lanners.