MUNICH - SCM Group and HG Grimme signed an agreement by which SCM acquires 51 percent of HG.

SCM Group is a multinational Italian-based company active in design, construction and distribution of machines and industrial equipment while HG Grimme is a Germany-based specialist in systems for machining plastic and composite materials.

With SCM already present with the CMS brand, the partnership is expected to strengthen global leadership in the production of technological solutions for processing plastic and composite materials and ensure important synergies, while at the same time preserving the respective technological and geographic specificities of both companies.

The Grimme family will remain at the helm of the company's management and will be supported by the management of SCM Group.

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