toolcraft acquires 50% stake in PT. YPTI to establish presence in Asian market
August 24, 2023
Following a partnership between toolcraft AG, located in Georgensgmünd, Germany, and PT. YPTI, based in Yogyakarta, Indonesia, confirmed with a Memorandum of Understanding in 2021, toolcraft reports it has now acquired a 50% stake in company, giving it a base in the Asian market.
toolcraft has maintained long-standing links with Indonesia and has a successful working relationship with PT. YPTI, making the acquisition of a stake in the company the next logical step. PT. YPTI hopes to benefit from toolcraft’s many years of experience, whilst bringing Additive Manufacturing services to its customers.
“This partnership marks a new chapter in our company’s history. Through it, we will extend our areas of competency, become more competitive, expand our foothold in the market and be in a position to offer our customers the best possible solutions,” stated Petrus Tedja Hapsoro, Managing Director of PT. YPTI.
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toolcraft will also benefit from the partnership by using PT. YPTI as a base in the Asian market through which it can extend its production activities into the region.
“This will allow us to avoid long and costly transport routes, saving both time and resources as well as helping us to operate more sustainably,” added Christoph Hauck, Chief Technology and Sales Officer at toolcraft. “Our aim is to build a vibrant partnership from which both sides will benefit,”
Hauck will join PT. YPTI’s technical management team while continuing in his current role at toolcraft. In addition, Bernd Krebs, founder and chairman of the supervisory board of toolcraft, and Marc Volkhardt, Chief Financial Officer at toolcraft, have joined PT. YPTI’s supervisory board.
