On 16 September 2019, Upmato B.V. announced that it will sell specialist in development, production, and marketing of hydrostatic turning machines Hembrug Machine Tools to Spanish cooperation Danobat.

Hembrug has a strong presence in Europe and an extended network in North America and Asia. In 2018 it had a turnover in excess of 14 million euros. Danobat is the market leader in machine tool manufacturing of grinding machines, with an annual turnover of 130 million euros (source: danobatgroup.com).

The Baker McKenzie Amsterdam M&A team advising Upmato B.V. on this acquisition consisted of: Mo Almarini, Joost Polman, and Casper Henschen.
 
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