History

2008

Divestment of KMT LMV AB.

Divestment of premises in Lidköping.

Nordstjernan decide to purchases KMT Group.

2007

KMT divests KMT Ursviken.

KMT divests part of KMT Herber's operations.

KMT acquires French service company AquaForce.

2006

KMT acquires two American companies, Robotic Production Technology (RPT) and H2O Jet Inc.

KMT divests Pullmax Machine.

KMT acquires the American company Aqua-Dyne.

2005

KMT divests a large share of Pullmax to Bystronic.

2004

KMT acquires the remaining 51 per cent of ABBs shares in ABB KMT Waterjet Systems AB. ABB KMT Waterjet Systems AB changes the name to KMT Cutting Systems AB.

2003

KMT acquire the assets of Ingersoll-Rand´s Waterjet business area ("Waterjet"). KMT also reached an agreement with Ingersoll-Rand for the acquisition of Ingersoll-Rand´s 49% holding in ABB I-R Waterjet Systems AB.

2002

KMTs President and CEO Björn Kumlin retires at the year-end and is succeded by Lars Bergström.

2001

KMT has sold all shares in Nymek AB. Purchasers are Stenlund Maskiner AB and Söderhamn Invest AB.

Pullmax Ursviken splits into two units.

2000

KMT acquires Lidköping Machine Tools, LMT, from SKF.

1999

Nordstjernan AB acquires Atle's holding in KMT and thus becomes the largest owner with 33 per cent of the shares and votes.

1998

Atle decides to list KMT on the stock market. 3 April 1998 was the first date on which a share was quoted on the O list of the OM Stockholm Exchange. The introduction price was SEK 98.

1997

Pullmax Ursviken Group is restructured. KMT acquires the UVA Group. Atle decides to investigate the pre-requisite for a stock marketing listing of KMT.

1996

KMT takes over the operational responsibility for the precision grinding company, UVA International AB, and acquires the tube forming company, Herber Industri AB. KMT gets a new owner. Atle AB acquires all shares in Karolin Invest. KMT becomes a business area within Atle Karolin Verkstadsindustri AB.

1995

Vision 2000, along with its business objectives, targets and action programme, is adopted. The plan results in a concentration on fewer, more prioritised markets.

1991

KMT is formed by the parent company, Karolin Invest AB. Pullmax AB with sales companies, Ursvikens Mekaniska Verkstad AB, are acquired and merged with Nymek AB.