Plansee Group becomes majority shareholder in Ceratizit Group
Breitenwang/Reutte, February 24, 2021 – The Plansee Group, headquartered in Austria, will hold the majority interest in Ceratizit S.A. effective March 1, 2021. Previously, the Plansee Group's stake accounted for 50 percent. Ceratizit, a Luxembourg company, specializes in the production of carbide tools.
"We want to continue Ceratizit's success story–more quickly and more effectively, by being the majority shareholder," said Karlheinz Wex, spokesman of the Plansee Group executive board. This will be the largest transaction in the company's history. The parties agreed to keep the extent of the acquired interest and financial details confidential. The transaction will be carried out subject to the approval of anti-trust authorities. The Plansee Group holds options to acquire the remaining stake in Ceratizit in the coming years.
"Our objective is to create a fully integrated corporate group for the production and processing of molybdenum and tungsten materials," Karlheinz Wex added. Essential elements in this process include the clearly positioned divisions Plansee High Performance Materials (products made of molybdenum and tungsten metals) and Ceratizit (tungsten carbide tools), as well as safeguarding the long-term supply of raw materials.
Karlheinz Wex sees potential for synergies in the supply of tungsten raw material, in the close cooperation on digitalization projects, and in the service functions. Relevant details will be worked out in the coming months.
Ceratizit was created in 2002 as the result of a merger between the Austrian company Plansee Tizit and the Luxembourg company Cerametal. The Plansee Group's shareholding in the joint venture accounted for 50 percent. Ceratizit has tripled its sales volume since the merger and evolved into a leading company in the hard metal industry.
Media contact
Dénes Széchényi
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denes.szechenyi@plansee-group.com
About the Plansee Group: Focus on Molybdenum and Tungsten
With its products, the Plansee Group enables applications at the cutting edge of what is technically and physically feasible – in electronics, medical technology, energy supply, mechanical engineering, the construction industry, mobility, and security and defense.
Headquartered in Reutte, Tyrol, the group specializes in the powder metallurgical processing of the high-performance materials molybdenum and tungsten. The value chain extends from the processing of scrap and ore concentrates through the manufacture of intermediate products and blanks to the development and production of customer-specific components and tools.
The Plansee Group, with its parent company Plansee Holding AG, unites two strong business areas:
· Plansee High-Performance Materials, specializing in metallic products made of molybdenum and tungsten.
· Ceratizit, focused on tools made of hard metal (tungsten carbide) for the trades, machining, and industrial manufacturing.
The Plansee Group ensures long-term security of supply for its key materials through recycling and long-term partnerships with mining operators. The Plansee Group holds a 31 percent stake in the Chilean molybdenum processor Molymet and a 10 percent stake in the tungsten mining operator Almonty.
With 11,120 employees at 36 production sites, the Plansee Group generated consolidated revenue of 2.35 billion euros in fiscal year 2025/26. The fiscal year ends on the last day of February.
