Accursia Capital and Navigator Capital completed the acquisition of tool & die business unit from Schuler.

Accursia Capital and Navigator Capital, two German private equity firms, completed the acquisioton of to acquire tool & die business unit from Schuler, which designs, manufactures and markets metal forming, machining and stamping equipment. Financial terms were not disclosed. The new owner will operate the division as Cartec Tooling under the umbrella of Deutsche Werkzeugbau. “We have been searching hard for the best solution for our toolmakers. Irrespective of the acute problems the market is now facing, these specialists will have a better opportunity to achieve sustainable growth as part of the future Deutsche Werkzeugbau. At the same time, Schuler Pressen will be able to focus more on its original core business of press construction and service. The well-positioned part of our die construction business which will remain within the Schuler Group is to be pooled with our subsidiary AWEBA,” Domenico Iacovelli, Schuler CEO.