Indutrade acquires German manufacturer of micro precision tools
Indutrade has signed an agreement to acquire all shares in the German company Hobe GmbH, www.hobe-tools.de, with annual sales of approximately EUR 7 million (SEK 80 million).Hobe is a niche manufacturer of micro precision tools for the shaping of interior profiles in very small bores. With focus on optimising the customers’ production processes, the company develops, manufactures, and distributes high-quality micro tools made of solid carbide for the machining of complex metal, plastic, and ceramic components. The main customers are found in industries such as medical technology, mechanical