In January 2024, the Tyrolit Group, an abrasives manufacturer and provider of system solutions for the construction industry, acquired most of the shares of Contec.

Contek is globally recognized for its cutting-edge machines for surface preparation and finishing, including floor milling machines, shot blasting systems, floor stripping machines, grinding machines, and extraction systems.

With this move, the Tyrolit Group said it has taken a significant step forward in expanding the market presence in the construction industry sector.

"This strategic investment is another important milestone for the Tyrolit Group and our commitment to innovation and growth, especially in the area of floor grinding and surface preparation," said Andreas Sauerwein, a member of the executive board at Tyrolit. He adds that "the partnership with Contec aligns perfectly with our goals to strengthen our position further and offer even more comprehensive solutions to our customers."

Contec's previous owners will remain actively involved as managing directors and shareholders. This ensures a seamless integration while preserving Contec's identity and expertise.