The 2020 Mid-Year Economic Update_long

Kennametal Acquires German ECM Supplier

Kennametal Inc., Latrobe, PA, has acquired a European supplier of ECM (Electro Chemical Machining) technologies and solutions VMB, Diva-Tec and VMB Entgrattechnik. The German company will be combined with Kennametal’s ExtrudeHone ECM group.


 


Kennametal Inc. is a $2.3 billion global supplier of tooling, engineered components and advanced materials consumed in production processes.


 


ExtrudeHone, a supplier of engineered component process technology, joined Kennametal in March 2005. The addition of the VMB/Diva-Tec Group, which employs 140 people in Babenhausen and Erkheim, Germany, will provide ExtrudeHone a more complete product range, complementary technologies and a broader array of engineering expertise. The new ExtrudeHone ECM group will be headquartered in Erkheim, Germany.


 


‘This acquisition, though small, is in alignment with Kennametal’s strategy to grow significantly in the areas of advanced materials and engineered components,’ said Kennametal President and CEO Carlos Cardoso.

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