The Ceratizit Group, headquartered in Mamer, Luxembourg, today announced the acquisition of the Komet Group, headquartered in Besigheim, Germany, effective October 12, 2017. The transaction is still subject to the approval of the 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", says Dr. Christof Bönsch, CEO of the Komet Group. "The takeover sees the emergence of a new global player with superior technology expertise and broad market access", adds Dr. Bönsch. "This move lifts the close and long-standing partnership between the two companies to a new level," says a delighted Jacques Lanners, Chairman of the Executive Board of the Ceratizit Group. "It opens up completely new prospects both for our customers and our employees," adds Lanners.

END