Targeted acquisitions fuel global growth and strong market position

The Tyrolit Group is focusing on expansion despite the global economic uncertainties. Through strategic acquisitions in recent months, including in Australia, the USA and Germany, the company is consolidating its position as a leading supplier of abrasives and grinding solutions.

In Australia, Tyrolit acquired a majority stake in ATS (Abrasive Tools Specialists), a renowned company for abrasive tools in Melbourne. This acquisition opens up new market segments and strengthens Tyrolit's presence in Australia, particularly in the metal industries sector.

In addition, the product portfolio was expanded and the company's position in the steel, foundry and rail industries was strengthened through the acquisition of Acme Abrasives Company in the USA.

In Germany, Tyrolit acquired a majority stake in Contec Maschinenbau & Entwicklungstechnik GmbH, a leading company for surface preparation and processing. This investment enables Tyrolit to offer its customers even more comprehensive solutions in the Floor Grinding & Surface Preparation sector.

The acquisitions of ATS, Acme Abrasives and Contec are important milestones in Tyrolit's growth strategy. Despite economic challenges, the company remains determined to expand its global presence and further consolidate its success.