Capital Tool Industries, a leading gear-cutting tool manufacturer in India, has acquired the long-established gear tool manufacturer Mico Tools (Mishalle NV) in Belgium. The acquisition extends the CTI footprint in Europe and expands its gear cutting tools product line, especially the power skiving cutters.
Mico Tools, a Belgium-based company, specializes in the manufacture of power skiving cutters, gear shaper cutters and chamfering tools. The addition of Mico Tools to the CTI family will provide more options and new products for its customers. It will continue to maintain Mico Tools sales presence in Europe but will commence relocating production to its India headquarters.
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