FERMAT began in 1990 and was founded by Jiří Ferenc and Mr. Matys, whose last names were used to form the company name. From the outset, FERMAT has benefited from the solid professional ethics of family and friends to guide its excellence. Through strong growth and strategic acquisitions in the Czech Republic and the United States, FERMAT has become the leading manufacturer of the most powerful and accurate horizontal boring and milling machines and cylindrical grinding machines, providing machine tools for all major markets worldwide.

Today, FERMAT has more than 470 employees on three continents, producing more than 100 machines a year. FERMAT's main production and assembly facilities are in Brno, the second largest city of Czechia and Lipnik nad Becvou, to the north-east. As FERMAT continues to expand its machine tool range, this capital expansion will continue.