Modig and Ibarmia: Strategic Partnership in Machine Tool Manufacturing

Cooperation Modig and Ibarmia enter into partnership to strengthen their market position

2024-07-15 Source: Ibarmia 1 min Reading Time

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Modig, a Swedish machine tool manufacturer, has entered a strategic partnership with Spain's Ibarmia, acquiring a substantial minority stake. This collaboration aims to expand their geographical and sectoral presence, driving growth and innovation.

David Modig, President and CEO of Modig and Koldo Arandia, President and CEO of Ibarmia, at the time of the agreement.(Source: Ibarmia) — David Modig, President and CEO of Modig and Koldo Arandia, President and CEO of Ibarmia, at the time of the agreement.
(Source: Ibarmia)

Swedish machine tool manufacturer Modig, a leading manufacturer of machining solutions for high productivity and automation applications, and Ibarmia, a manufacturer of customised and flexible machining centers from Spain, announced the signature of a strategic partnership. In support of the alliance, Modig will take a substantial minority stake in the capital of Ibarmia.

This strategic partnership aims to bolster both companies’ geographical and sectoral presence, fostering new growth opportunities and synergies for both. The parties will also explore synergies in manufacturing.

“Modig and Ibarmia share a passion for innovation and excellence in manufacturing. We're excited to combine our strengths and expertise, delivering even greater value to our customers,” said David Modig, President & CEO at Modig.

“Ibarmia is excited to partner with Modig, an innovative leader in advanced manufacturing solutions. This alliance will fuel Ibarmia's growth, expand our capabilities, and accelerate the development of cutting-edge machining solutions for our global customers,” said Koldo Arandia, President & CEO at Ibarmia.

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