Tyrolit acquires Turkish manufacturer

Tyrolit Group says its acquisition of Turkey’s Egeli Egesan Group will boost its profile in the Middle East and further strengthen its position on the international abrasives market.

Tyrolit HQ Austria-based Tyrolit Group said it was looking forward to working with the Egeli Egesan management board. (Photo: Tyrolit)

The Austria-based supplier to the construction industry – whose machines include concrete cutting equipment for demolition applications – bought more than 75% of Egeli Egesan, which makes grinding tools for several applications, and said it was looking forward to working with the existing management board.

“The successful direction of our business activities and our solid economic base were crucial factors for this important acquisition, both from a strategic as well as operational point of view,” said CEO Thomas Friess.

“It strengthens our competitiveness and provides access to the growing markets in the Middle East.

“We will offer our customers in the Middle East an entire range of products from a single source and our expertise to optimise manufacturing processes and reduce production costs.”

Delivered directly to your inbox, Demolition & Recycling International Newsletter features the pick of the breaking news stories, product launches, show reports and more from KHL's world-class editorial team.
Latest News
Theme announced for Fachtagung Abbruch 2024
Expectations for German event are high, says organiser 
Kobelco Europe celebrates and anounces HQ move
Guests at 10-year event hear of HQ move in the Netherlands
Biffa acquires Scottish demolition company
UK waste management company acquires Hamilton Waste and Recycling
Leila Steed Editor, Demolition & Recycling International Tel: +44(0) 1892 786 261 E-mail: leila.steed@khl.com
Simon Kelly Sales Manager Tel: +44 (0) 1892 786 223 E-mail: simon.kelly@khl.com