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AFT Group, Including COMEC, Acquired by Swiss Holding Company

Sourcee: Lambda (via Linkedin)

ZUG, Switzerland – Lambda Investments, AG, a Swiss holding company, announced the acquisition of the AFT Group including COMEC, a producer of machine tools and equipment primarily intended for the reconditioning of brake components, clutch and engine parts.

In addition to COMEC, Lambda acquired AFT Group’s Arga and Fabes, as well as Icube Investments Partners SA.

“Those acquisitions are part of an integrated strategy of Lambda Investments AG to grow as a ‘horizontally’ integrated holding [company] able to serve and support SMEs by financing and assising growth strategy,” posted Salvatore Torris, Lambda Chairman of the Board. “Lambda Investments AG is also looking for further acquisitions during the 2020-2022 period in order to serve its strategy and developments.”

Mike Geylin
Mike Geylin

Mike Geylin served as Editor-in-Chief at Hagman Media. Geylin has spent five decades in automotive communications, working in all aspects of the industry from OEM to supplier to motorsports, as well as reporting on the industry for newspapers and magazines.

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