Capital Tool Industries (CTI ) has announced the acquisition of long established gear tool manufacturer Mico Tools (Mishalle NV) in Belgium. The acquisition extends the CTI footprint in Europe and expands the gear cutting tools product line especially the Power Skiving Cutters.
Mico Tools, a Belgium based company specialises in the manufacture of Power Skiving Cutters, Gear Shaper Cutters and Chamfering Tools. The addition of Mico Tools to the CTI family will provide more options and new products to its customers. CTI will continue to maintain Mico Tools’ sales presence in Europe but will commence relocating production to its headquarters in India.