MODIG Expands Through the Acquisition of LiCON
MODIG, headquartered in Kalmar, Sweden, announces the strategic acquisition of LiCON, a well-established German machine tool manufacturer with a strong heritage in high performance machining solutions. The acquisition of LiCON reinforces the long-term vison of building a strong and diversified industrial platform focused on advanced machining solutions. The addition of LiCON expands the offering within high volume production and automation focused machining, while also strengthening the footprint in key industrial markets. By combining competencies and resources across Modig Machine Tool, IBARMIA, and LiCON, the organization will be able to accelerate innovation and deliver even greater value to customers.
“We are very pleased to be a part of the Group. In a challenging economic environment, the three companies complement each other perfectly in terms of technology and market focus. By combining our strengths, we can offer our customers an even broader and more competitive range of machining solutions”, Winfried Benz, CEO of LiCON
“This acquisition marks an important milestone for the organization and reflects our commitment to long term growth, innovation, and collaboration. By bringing LiCON into the group, we expand our product portfolio and market reach,” says David Modig, Chairman of Modig Machine Tool.
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About LiCON
LiCON is a well-established company with a long history of delivering high performance machining solutions. With more than 50 years of experience in the industry, the company has approximately 200 employees and is known for its horizontal machining centers and highly automated production systems designed for high-volume manufacturing environments.
More information: www.licon.com
About MODIG
MODIG is a provider of innovative manufacturing solutions with strong expertise in the aerospace industry. Combined with advanced capabilities in automation and robotics, MODIG delivers customized solutions that optimize productivity and efficiency for leading OEMs and Tier suppliers worldwide.
More information: www.modig.se
About IBARMIA
IBARMIA is a leading machine tool manufacturer specializing in the development and production of high precision machining centers. Known for quality and innovation, IBARMIA serves a wide range of industries, including capital goods, energy, and aerospace.
More information: www.ibarmia.com
