600 Group acquires Spanish tools business

MANUFACTURER 600 Group has acquired the entire manual machine tools business of Kondia, formerly Spain’s largest manufacturer of milling machines which was placed into administration in 2015.

The Heckmondwike-based group, which sells machine tools and precision engineered components, said that following its successful application to the Spanish Courts it has bought the business for a total consideration of 50,000 Euro.

The acquisition means the 600 Group now owns the Kondia name, all IP and a large inventory of spare parts worth “in excess” of the acquisition costs.

For over 20 years, Clausing one of the leading 600 Group companies sold the Kondia range of FV series milling machines and established it as a leading brand in North America. In 1990, sales of Kondia machines in the USA contributed $3m in revenues to the 600 Group.

600 Group expects to generate revenues immediately from the supply of spare parts in the North America as well as the rest of the world were Kondia machines have been sold.

Don Haselton, divisional managing director of the machine tool operations in the UK and USA, said: “We are very excited about adding another great brand to our line up of machines and also the opportunity it gives us to grow the Kondia business both in North America and worldwide. This acquisition increases group earnings immediately and looking ahead, I’m very confident that our team will build the revenues further as we develop the opportunities we have identified in this business.”