Sandvik acquires pro-micron GmbH to expand in sensorized tools and automation
Sandvik, a global engineering group, has announced its agreement to acquire pro-micron GmbH, a German-based leader in sensorised tools and automation software. This acquisition aligns with the increasing demand for automated production and the need for digitalization in manufacturing.
The Growing Market of Sensorised Tools
Sensorised tools represent a rapidly expanding market, driven by factors such as the accelerated shift to automated production and the growing demand for production data. Pro-micron’s innovative sensorised tools are crucial for diagnostics and process monitoring, significantly reducing production errors and enhancing automation in areas like solid round tools machining.
Strengthening Relationships with Machine Tool Builders
Pro-micron’s established relationships with machine tool builders are set to strengthen and expand Sandvik’s partnerships in this sector. This acquisition is a strategic move for Sandvik, further integrating the company into the heart of the high-growth industry segments.
Sandvik enhances industrial automation capabilities with pro-micron GmbH acquisition
Stefan Widing’s Statement on the Acquisition
Stefan Widing, President and CEO of Sandvik, emphasized the strategic significance of this acquisition. “The acquisition of pro-micron fits very well with our strategic focus to grow within key high-growth industry segments, in this case the area of sensorised tools and automation,” he stated.
Pro-micron’s Industry Footprint and Financial Performance
Founded in 2002, pro-micron has about 56 employees and is headquartered in Kaufbeuren, Bavaria, Germany. In 2022, the company generated revenues of approximately SEK 88 million. Although the impact on Sandvik’s EBITA margin and earnings per share will be limited, this acquisition marks a significant step in Sandvik’s strategy to dominate the sensorised tools and automation market.
Reporting and Integration within Sandvik
The acquired company will be reported under Sandvik Coromant, a division within Sandvik Manufacturing and Machining Solutions. This integration highlights Sandvik’s commitment to reinforcing its capabilities in the advanced manufacturing and digitalization landscape.