Altdorf, Switzerland – Datwyler Group has completed the acquisition of German company Ott, which it said will add injection moulding expertise – with thermoplastics and liquid silicone – to the group’s Sealing Solutions division.
The previously announced transaction was finalised on 30 Sept.
The deal will strengthen and expand the Swiss group’s technology and product portfolio in the automotive and healthcare industry, said a 30 Sept Datwyler announcement.
Cleebronn-based Ott comprises Ott GmbH & Co. KG and Ott Geschäftsführungs GmbH. It employs 200 people and generates an annual revenue of around CHF33 million (€30 million).
Founded in 1989, the German company specialises in tool-making and producing injection-moulded parts made from thermoplastic and liquid silicone using single- and multi-component technology.