In a strategic move to strengthen their floor grinding & surface preparation business, the Tyrolit Group invests in German company Contec Maschinenbau & Entwicklungstechnik GmbH. Contec, based in the Westerwald region of Germany, is a leading global supplier of state-of-the-art machines for surface preparation and finishing.

 
he Tyrolit Group acquires Abrasive Tools Specialists (ATS) as part of a strategic investment to solidify its position in the Australian market.

As of May 2021, Vincent has been restored as an operative brand of the former Quartz Industries Division of the Tyrolit Group.