December 2024

Lafayette Mittelstand Capital announces the acquisition of DIAMETAL Group

Effective January 1, 2025, Lafayette Mittelstand Capital has acquired a majority stake in Diametal Group. This step is part of the Diametal Group’s long-term growth strategy and is intended to further drive and accelerate its international expansion.

The Diametal Group was founded in 1936 in Biel (Switzerland). The company is a leading global supplier of high-precision cutting tools, super abrasives and wear parts and today has production sites in Biel (Switzerland) and Oltingue (France).

Lafayette Mittelstand Capital, an investor specializing in medium-sized enterprises, brings extensive experience in supporting growth companies. The decision to select Lafayette Mittelstand Capital as the new majority shareholder is based on the conviction that the company offers the ideal conditions to fully realize the potential of the Diametal Group.

KOWEMA AG, the former majority owner, looks back on a successful collaboration and thanks the employees of the Diametal Group for their commitment. The sale is part of a strategic realignment, allowing KOWEMA AG to focus on other business areas.

For the customers, employees, and suppliers of the Diametal Group, the ownership change will bring no changes. The high quality of products and services remains guaranteed. On the contrary, the new partnership opens up additional opportunities for innovation and even stronger customer orientation. The existing production sites will be retained and further expanded.

CEO Beat Kaufmann commented: “We are very excited about the new partnership with Lafayette Mittelstand Capital. Together, we will leverage the Diametal Group’s position as a leading provider to further expand its market position and open up new business fields. This acquisition is an important step for Diametal’s future and offers us the opportunity to further enhance our innovative strength and customer focus.”

KOWEMA AG, the former owner of the Diametal Group, reflects positively on the past years. “Thanks to our efforts, we have successfully realigned the Diametal Group and set it on a growth trajectory. We are confident that Lafayette Mittelstand Capital is the right company to continue Diametal’s success story,” said Stefan Jud, a board member of KOWEMA AG.

 

About Diametal Group

The Diametal Group, founded in 1936, is a global leader in high precision cutting tools, super abrasives, and wear parts. The company has many years of experience and comprehensive expertise in the development and production of customized solutions for a wide range of industries. It employs over 170 employees at its two sites in Biel (Switzerland) and Oltingue (France).

Further information: www.diametal.com

 

About Lafayette Mittelstand Capital

Lafayette Mittelstand Capital is a private investment company specializing in medium-sized enterprises in Europe. The company invests in businesses with growth potential and supports them in their further development.

Further information: www.lafayettemittelstandcapital.com

 

Role of Ramus & Company

Ramus & Company managed the sale process of the company on behalf of the seller as exclusive M&A advisor. In this role, Ramus prepared the sales documentation, identified prospective buyers, managed the due diligence, conducted the contract negotiations and successfully closed the transaction.



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