Swiss Acquisition ATA acquires microtool manufacturing business from Näpflin
Switzerland/Ireland — The Irish-owned international precision engineering group ATA has acquired the manufacturing activities of Näpflin Schleiftechnik, a niche manufacturer and distributor of precision cutting tools, based in Beckenried, Switzerland.
With the acquisition of Näpflin's microtool manufacturing ATA further broadens its product range and manufacturing capabilities to include high-quality microtools for specialised applications.
Näpflin is owned and managed by Roland Näpflin, who has almost thirty years of experience designing and manufacturing precision tools. The company manufactures a range of rotary carbide micro-endmills for highly-specialised applications and provides regrind and distribution services for a broader range of carbide cutting tools. Näpflin is a long-term manufacturing partner of Karnasch Professional Tools which ATA previously acquired in 2019.
Under the terms of the transaction, ATA has acquired a majority shareholding in the manufacturing activities including the trade, assets, employees and equipment related thereto. Roland Näpflin will retain a minority shareholding in the new entity, ATA Tools Suisse. He has also been appointed Managing Director of ATA Tools Suisse and will oversee the new entity’s strategic development and growth within the group.
Following on from its acquisition of Karnasch Professional Tools in 2019, the acquisition and creation of ATA Tools Suisse further expands the company's product development and manufacturing capabilities to offer a broader range of precision tools to the global customer base.
Group Corporate Development Direct appointed
ATA also announces that, as of the end of August 2021, it has appointed Shane Lawlor as Group Corporate Development Director. He will work on a range of M&A and corporate finance projects and is to provide a dedicated focus on the company’s acquisition strategy.
Lawlor is a qualified Chartered Accountant having trained with PWC and, prior to joining ATA, spent over fourteen years as a senior corporate finance director at Investec Bank Ireland (previously NCB Stockbrokers). He also previously spent eight years in London with Close Brothers Corporate Finance and Hewlett Packard. Shane has extensive experience advising both large public and private companies on a broad range of fundraisings, acquisitions, disposals and other strategic projects.