Well known as the global leader in cutting tools, the OSG Group becomes the major shareholder of SMOC INDUSTRIES by taking 55% of its shares. Through this external growth operation wihtin SMOC INDUSTRIES, OSG is expanding its sales proposition to the aerospace market and consolidating its positions between France and Asia (Renault, Nissan, PSA, Dongfeng and Toyota). Synergies will become visible on both sides. SMOC INDUSTRIES, which is already present in Eastern Europe, Asia and the Middle East, is strengthening its international expansion and will expand in the Japanese, Chinese and American markets. SMOC INDUSTRIES can now rely on the strength and expertise of the OSG Group to consolidate its product and service portfolio (new local sharpening centers and expertise in national markets) to its customers (SAFRAN, GE, Renault, Peugeot …) and its partners.
Find the complete press release in french here :