In January 2024, the Tyrolit Group, a leading manufacturer of abrasives and provider of system solutions for the construction industry, acquired a majority stake in the German machine manufacturer. Contec is known worldwide for its state-of-the-art machines for surface preparation and processing, including floor milling machines, shot blasting systems, floor strippers, grinding machines and extraction systems.
The Tyrolit Group is thus taking another important step towards expanding its market presence in the construction industry, according to the company. "This strategic investment is another important milestone for the Tyrolit Group and our commitment to innovation and growth, particularly in the area of floor grinding and surface preparation," says Andreas Sauerwein. "The partnership with Contec fits perfectly with our goals of further strengthening our position and offering our customers even more comprehensive solutions," adds Sauerwein.
The previous owners of Contec will remain on board as managing directors and shareholders and "play an important role in the company". This should ensure a seamless integration while retaining Contec's identity and expertise.