Walter expands PCD offer New business unit for aluminum special tools in Germany
Tüebingen, August 31, 2023 – Tuebingen-based tooling specialist Walter is strengthening its sales offer for PCD special tools (polycrystalline diamond) in Germany, by joining forces with the Portuguese subsidiary FMT (Frezite Metal Tooling) on September 1, 2023. This includes a newly founded business unit in Germany and the establishment of a strong sales team.
The development follows the acquisition of FMT by Walter in 2022 and provides customers with access to a wider range of PCD special tools for machining lightweight materials, such as aluminum one of the most important materials in the automotive and aerospace industries. The sales team is now offering more solution-oriented advice in the field of aluminum machining.
“With the new sales unit, we are taking the next consistent step to significantly strengthen our position as a top supplier of PCD special tools and our expertise in lightweight machining. We are joining forces with the subsidiary FMT to further expand the market in Germany”, says Christoph Geigges, President of Walter.
Tiago Fernandes, CEO of Frezite Group, adds: “Since the merger of FMT and Walter in September 2022, we bring together our expertise in special tooling with the engineering competence of Walter. I am looking forward to the new task with the goal of being one of the most important suppliers of PCD tools in Germany.”
All PCD tools from Walter and FMT will continue to be produced at the plants in Niefern, Germany, and Trofa, Portugal. Walter plans to expand the business unit to further markets in the coming years.
About Walter:
For over 100 years, Walter has stood for competence and quality in the field of machining technology. The company was founded in 1919 by Richard Walter and has its headquarters in Tübingen, Germany. The portfolio includes precision tools for milling, turning, grooving, drilling and threading as well as individual special tools and technology solutions along the process chain. With production facilities in North and South America, Europe and Asia, numerous subsidiaries and sales partners, and 4,400 employees worldwide, Walter has a global presence and customers in more than 80 countries around the world. In addition to engineering expertise, a sustainable corporate strategy and a diversity approach are part of the corporate culture. Since 2022, the Frezite Group has been part of Walter, including the Frezite portfolio brand FMT, which deals with cutting tools for lightweight materials.
