KKR-backed Hyperion completed the acquisition of Arno Friedrichs Hartmetall.

KKR-backed Hyperion, a global materials science company, completed the acquisition of Arno Friedrichs Hartmetall, a global solutions provider in premium cemented carbide blanks used in the manufacture of high precision rotary cutting tools for drilling and milling applications. Financial terms were not disclosed. "We are looking forward to the benefits of collaboration across sales, product development, and manufacturing. This partnership greatly expands our global footprint, creating the opportunity to introduce our industry-leading products to more markets while ensuring we can provide even better support to our existing clients," Ralf Greifzu, AFC General Manager.