Ceratizit completed the investment in Spanflug.

Ceratizit, a provider of hard material solutions for machining and wear protection, completed the investment in Spanflug, a technology company focused on turning and milling parts manufacturing. Financial terms were not disclosed. "The CERATIZIT Group's investment takes us a big step forward in our mission to digitally connect supply and demand on the platform, automate processes and thus make the procurement of custom machined parts as quick and easy as possible for customers and suppliers," Markus Westermeier, Spanflug CEO and Co-Founder.