Starrag Group Holding AG
STGN.SW
Swiss Exchange32.90
CHF
-0.20
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Starrag Group Holding AG
STGN.SW
(Swiss Exchange)
Recent
price
32.90
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.- Similar Companies
- Business
- StarragTornos Group AG is a global technology leader based in Rorschacherberg, Switzerland, specializing in the development, manufacturing, and distribution of high-precision machine tools for milling, turning, boring, grinding, and complete machining of workpieces made of metal, composite, and ceramic materials. The company operates under the umbrella brand Starrag, which unites a diverse product range including Berthiez, Bumotec, Dörries, Droop+Rein, Ecospeed, Heckert, Scharmann, SIP, Starrag, TTL, and WMW, serving multiple industries such as aerospace, energy, transportation, dental technology, and medical technology. StarragTornos operates manufacturing plants across Europe, including Switzerland, Germany, France, and the United Kingdom, as well as in India, with subsidiaries in the United States, Asia, and other regions. Founded originally as Starrag Group Holding AG, the company merged with Tornos Holding Ltd. in December 2023 to form StarragTornos Group AG, which is now listed on the SIX Swiss Exchange. This strategic merger combined Starrag's high-performance machining expertise with Tornos’ precision CNC sliding headstock automatic lathes, multi-spindle machines, and machining centers for complex precision parts, creating a broad-based company with an enhanced product and technology portfolio. Since the merger, the group has initiated a synergy program focused on procurement alignment, resource cross-utilization, and sales synergies, alongside major investments in sustainability including solar energy installations and improved energy efficiency at its production sites. StarragTornos offers not only machine tools but also comprehensive technology services, including fixture and clamping solutions, turnkey production equipment planning, and integration of flexible manufacturing systems that optimize productivity and flexibility for its customers. The company's service products include tailored service, maintenance, and support contracts designed to maximize machine availability and long-term operational efficiency. The company generated net sales of approximately CHF 494 million in 2024 and continues to invest in innovation and growth despite economic challenges, maintaining a focus on high-precision machining solutions for global markets. The group leverages deep technical know-how across its extensive brand portfolio to address demanding applications in aerospace, energy, transportation, luxury goods, and medical sectors, continually enhancing its product capabilities and customer support infrastructure worldwide. The company is managed by a leadership team overseeing its two divisions: the Starrag division focused on high-performance machining and the Tornos division specializing in CNC automatic lathes and multi-spindle machines, reflecting a combined strength and strategic expansion in the precision machine tool industry.