KROMI Logistik AG

Following the initiation of a squeeze-out procedure under stock corporation law by the main shareholder Investmentaktiengesellschaft für langfristige Investoren TGV in November 2022 and a resolution by the General Meeting on February 27, 2023, the squeeze-out was entered in the commercial register on June 27, 2023. KROMI's shares were delisted from the regulated market of the Frankfurt Stock Exchange on the same day, and the delisting was confirmed on June 29, 2023.

Hamburg: TOOLING – ONE STEP AHEAD. With a new logo and claim, KROMI sums up its vision of itself as a leading technology company. At the same time, the company is strategically restructured into the four fields of competence TOOLS, LOGISTICS, TECHNOLOGY and DATA.

Hamburg: The entry of the Investment Stock Corporation for Long-Term Investors TGV as a majority shareholder empowers KROMI Logistik AG to make new investments and offers promising opportunities for development. The Management Board members remain a decisive participator in the company.

Brazil: In the south of Brazil, the South American subsidiary KROMI Logistica do Brasil opens its third branch in Rio Grande do Sul.

Brazil: After just two years, KROMI Logistica do Brasil expands by moving into a larger building and by opening a new branch in the Brazilian metropolis Sao Paulo.

Spain: New establishment of the subsidiary KROMI Logistik Spain S.L. based in the Basque city Vitoria-Gasteiz.

Hamburg: KROMI expands its headquarters in Hamburg by adding the neighbouring office and warehouse building at the address Tarpenring 7.

Brazil: Foundation of the Brazilian subsidiary KROMI Logistica do Brasil in Joinville in the federal state of Santa Catarina to initiate KROMI's expansion into South America.

Frankfurt: The IPO in the Prime Standard on the Frankfurt Stock Exchange takes place on 7 March. The first fixed share price of EUR 22.00 is around 10 percent above the issue price.

Slovak Republic: Foundation of the subsidiary KROMI Slovakia s.r.o. with headquarters in Prievidza.

Czech Republic: Foundation of the subsidiary KROMI CZ s.r.o. in the Czech Republic.

Hamburg: KROMI AG is converted into KROMI Logistik AG to prepare for an IPO.

Düsseldorf: The KROMI West branch is established in Düsseldorf as a location for sales to the Ruhr area and the Benelux countries.

Hamburg: KROMI Logistik GmbH is converted into KROMI AG, an investment company as Group holding to finance major logistics projects for the customer.

Hamburg: KROMI Logistik GmbH is created as a result of the spin-off of a business division from Krollmann & Mittelstädt GmbH. The goal is to develop innovative e-commerce solutions and set up a nationwide logistics network.

Hamburg: Market launch of the KROMI Tool Center (KTC). KROMI's first modular automatic tool dispenser hits the market. It has been constantly further developed up to the present as the foundation for modern tool management.

Magdeburg: Market expansion is carried out in the direction of East Germany through the establishment of KROMI Zerspanungswerkzeuge GmbH in Magdeburg as the KROMI East branch.

Hamburg: Construction of the new company headquarters on the Tarpenring in Hamburg. The modern complex also includes the service point for northern Germany.

Hamburg: The product range is further expanded by taking over the commercial representation for the companies Widia (indexable inserts) and Gühring (HSS tools).

Hamburg: Krollmann & Mittelstädt KG is founded as a representative of Klenk in north German region and takes over sales of solid carbide drilling and milling tools. It thus becomes the original headquarters of today's KROMI Group.