In October 2016, the TIVOLY group acquired the FFDM group. The two companies specialise in the design and production of cutting tools. Both trace their origins to the same familial and industrial culture dating back to the early twentieth century. The acquisition is part of TIVOLY’s development strategy, aimed at strengthening its industrial base and consolidating its position in aeronautics and its investments in expanding markets like medical devices. FFDM will benefit by having a stronger base for its investments, especially in research and development.