Advanced search

ATA Group receives €17.3m investment

MML has made a €17.3m investment into Irish based ATA Group to fund the acquisition of the US based SGS Tools’ Bur business.

Led by CEO Peter Cosgrove, the transaction is expected to create a global leader in tungsten carbide bur production and positions the business for further international growth.

MML will hold a 65 per cent stake in the combined business alongside management and FL Partners.

ATA is a global producer of tungsten carbide rotary files, known as burs. Burs are a precision engineered consumable used to fabricate, polish and repair metalwork and are used across industries including aerospace, marine, oil & gas, automotive and power generation.

Based in Cleveland, USA, SGS Tools Group produces tungsten carbide end milling tools and drills plus carbide burs.

Have your say


My saved stories (Empty)

You have no saved stories

Save this article