Presseinformation vom 11.03.2024

Tyrolit acquires majority stake in Contec

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In a strategic move to strenghten their floor grinding & surface preparation business, the Tyrolit Group invests in German company  Contec Maschinenbau & Entwicklungstechnik GmbH. Contec, based in the Westerwald region of Germany, is a leading global supplier of state-of-the-art machines for surface preparation and finishing.

Schwaz (Tyrol/Austria) 11 March, 2024 – In January 2024 the Tyrolit Group, a leading abrasives manufacturer and provider of system solutions for the construction industry acquired the majority of their shares. Contec is globally recognised for its cutting-edge machines for surface preparation and finishing, including floor milling machines, shot blasting systems, floor stripping machines, grinding machines, and extraction systems.

Strengthened market presence in the construction industry
With this move the Tyrolit Group takes another significant step forward in expanding the market presence in the construction industries sector. "This strategic investment is another important milestone for the Tyrolit Group and our commitment to innovation and growth, especially in the area of "Floor Grinding & Surface Preparation", says Andreas Sauerwein, a member of the Executive Board at Tyrolit. He adds that, "the partnership with Contec aligns perfectly with our goals to further strengthen our position and offer even more comprehensive solutions to our customers."

Contec's previous owners will remain actively involved in the company as managing directors and shareholders. This ensures a seamless integration while preserving Contec's identity and expertise.

The Tyrolit Group
Tyrolit is one of the world's leading manufacturers of grinding and dressing tools as well as a system provider for the construction industry. With roots in the heart of the Austrian Alps, Tyrolit combines the strengths of family values with a global vision and over a century of individual corporate and technological experience.
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David Hawel

David Hawel
Corporate Communication
Tyrolit Group
+43 5242 606 2595