ATA Tools Inc

7 Ascot Pkwy
Cuyahoga Falls,  OH  44223-3326

United States
330-928-7744
http://www.atagroup.co
  • Booth: B19119


 Press Releases

  • March 12, 2019 - Over 1,800 ATA carbide burs and router product data is now available on MachiningCloud. ATA Tools (ATA) designs, manufactures, and distributes a comprehensive range of tungsten carbide burs, industrial air tools and abrasives. MachiningCloud is a product data provider for world-leading cutting tool manufacturers, CNC machines, and workholding.

    The ATA MachiningCloud partnership utilizes the convenience of cloud-based technology, which enables customers to optimize the way they gather information for their manufacturing operations by effortlessly searching for the proper cutting tool that best fits their cutting conditions without having to search through catalogs or multiple websites.

    "ATA Tools cares about its customers and adding our product offerings to MachiningCloud creates a convenient way to access valuable, up-to-date information," says Matt Phillips, Director of Sales and Marketing for ATA Tools, Inc. "Customers can browse the ATA carbide bur and router catalogs from any location, quickly refine their search criteria and discover the ideal carbide bur or router to suit their material removal needs."

    ATA customers can increase productivity and achieve greater accuracy by easily downloading descriptive, usage and geometric information directly into their shop floor software, such as CAM, simulation, and tool management systems.


    "In a world eager to embrace Industry 4.0 technology, MachiningCloud will help deliver up-to-date product data right from ATA's knowledgebase to ATA's customer desktops and tablets", says Jessy Prevost, Product Manager for MachiningCloud.

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  • May 9, 2019

    • Irish owned company and Cavan based ATA, international precision engineering group, acquires German cutting and industrial tooling specialists, Karnasch Professional Tools GmbH, in its largest acquisition to date.
    • Post-acquisition annualised group revenue circa €80m with ATA brand products exported to over 70 countries worldwide.
    • Transaction facilitated by senior debt from AIB and Bank of Ireland - with equity investment from both the Ireland Strategic Investment Fund (ISIF) and Development Capital Fund (DCF).

    ATA, an Irish-owned and Cavan-headquartered international precision engineering group with facilities in Ireland, the UK and the USA, has acquired Karnasch Professional Tools GmbH located in Heddesheim, near Mannheim and in Gorsdorf, near Berlin.

    The acquisition of Karnasch marks another important milestone for ATA and the first since the 2016 management buyout of its private equity partners. The acquisition brings the value of the combined enterprise to circa €160m and increases the worldwide workforce to nearly four hundred staff of whom approximately one hundred and fifty are based in Ireland.

    The original ATA business was acquired in 2008 by Peter Cosgrove and equity investors. Revenues grew substantially in the following decade, (mainly through a series of international acquisitions) from €17m then to €80m.

    Established in 1960, Karnasch is a third-generation, family-owned company, selling precision industrial tools across multiple applications including grinding, milling, cutting, sawing and drilling. Karnasch enjoys market premium positions in a number of important product categories servicing various industry sectors including automotive, aerospace, construction and mechanical engineering. The company has a strong position in its domestic German market and exports to over 60 countries worldwide.

    Michael and Sascha Karnasch will continue as managing directors in Karnasch, retaining a shareholding. Both join the ATA senior management team.

    ATA CEO, Peter Cosgrove, said: “We have long admired the professionalism of the Karnasch family and have greatly respected their clear market leadership. ATA is delighted to combine forces with a company of this calibre and reputation and look forward to having the benefit of their obvious expertise within the expanded organisation.

    This transaction is entirely consistent with our strategy to build a global company of scale in this industry and we look forward to delivering on the many market and product synergies that now become available. We are very pleased to have the continued support of our banks, and of DCF, and to have now secured the support of ISIF, who we view as an important supporter of our ambitious growth strategy.”

    Karnasch Managing Director, Michael Karnasch, said: “We are very pleased to be able to join with ATA who we know well and have hugely regarded for over twenty years. ATA are a progressive industry leader. We believe that our new combination provides many excellent opportunities to accelerate for growth, both for our business and for our employees.

    ISIF Senior Investment Director, Fergal McAleavey said: “This is an excellent example of ISIF’s support for indigenous businesses in regions throughout Ireland. As a minority investor bringing long-term capital, ISIF is delighted to team up with ambitious Irish businesses such as ATA as they continue to scale up and expand their domestic and international operations. This is consistent with ISIF’s ‘double bottom line’ mandate of generating a commercial return and supporting economic activity and employment in Ireland.”

    Corporate finance advisors to ATA: Shane Lawlor, Investec Bank, Dublin
    Legal advisors to ATA: Tim Scanlon and Brian McCloskey, Matheson, Dublin
    Andreas Kloyer, Luther, Frankfurt
    Tax and transaction services advisors to ATA: Paul Tuite, PwC Dublin and PwC Stuttgart
    Corporate finance advisors to Karnasch: Allert & Co, Mannheim
    Legal advisors to Karnasch: METIS Rechtsanwälte LLP, Frankfurt

    About ISIF
    The Ireland Strategic Investment Fund, managed and controlled by the National Treasury Management Agency (NTMA), is an €8.9 billion sovereign development fund with a unique mandate. ISIF has a statutory mandate to invest on a commercial basis in a manner designed to support economic activity and employment in Ireland. The fund’s predecessor was the National Pensions Reserve Fund (NPRF).

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