Incompass™, A Platform Company Of Tjm Capital Partners, Has Purchased The Machinery Division Of Mollart Engineering
Acquiring Company
InCompass
Acquired Company
Mollart
Description
InCompassTM, the umbrella company of world-class brands within the industrial machinery sector has acquired the machinery division of Mollart, a leading manufacturer of deep hole drilling machine tools, including solutions for gun drilling, deep hole boring and deep hole finishing. "The addition of the machinery division of Mollart perfectly fits within our vision for growth," according to Chairman Tom McDonough. "Mollart provides exceptional products for deep hole drilling and gives us opportunity to provide more solutions to our customers," said McDonough. The financial terms of the transaction were not disclosed.
Quick answer
InCompass is acquiring Mollart, announced August 1, 2023.
- How much did InCompass pay for Mollart?
- The deal value was not disclosed.
- What does InCompass do?
- TM With locations throughout the world, InCompassTM provides customers with the time-saving solutions and industry leading expertise they need to grow their business by bringing together industrial manufacturers..
Source: Fundz verified event record.
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- Santoni Shanghai Acquires A Leading German Knitting Machinery Maker Terrot In Move To Create A New Ecosystem (September 12, 2023)
- Drt Holdings Announces Acquisition Of Custom Machining Corporation (September 11, 2023)
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Frequently asked
Who acquired Mollart?
Mollart was acquired by InCompass. The deal was reported on August 1, 2023. InCompass is privately held and operates in Manufacturing.
When did InCompass acquire Mollart?
InCompass's acquisition of Mollart was reported on August 1, 2023. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Mollart do?
Mollart Engineering was originally setup in 1929 by Arthur Mollart and partner J Hendra as a production engineering source of components for the car and aircraft industries. It is privately held, operating in Manufacturing.
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