600 Group acquires Kondia Machine Tool Business

600 Group said that, following its successful application to the Spanish Courts, it has acquired the entire manual machine tools business of Kondia, for a total consideration of €50,000. Kondia, formerly Spains largest manufacturer of milling machines was placed into administration in 2015.

The acquisition means the 600 Group now owns the Kondia name, all IP and a large inventory of spare parts worth in excess of the acquisition costs.