Sandvik completes acquisition of Almü Präzisions-Werkzeug to strengthen high-precision cutting tools portfolio
Sandvik, a global leader in engineering and manufacturing solutions, has completed its acquisition of Almü Präzisions-Werkzeug GmbH (Almü), a cutting tools and solutions provider based in Germany. Almü, specializing in high-precision drilling, reaming, milling, and tooling systems, will be integrated into Sandvik Coromant, a division within Sandvik Manufacturing and Machining Solutions.
Key Points:
1. The acquisition strengthens Sandvik’s portfolio of cutting tools tailored to lightweight materials, especially in the automotive sector’s shift towards electric vehicles.
2. Almü’s strong market presence in the DACH region and expertise in precision tooling will bolster Sandvik’s reach and competitiveness.
3. Almü generated about 6 million EUR in revenue in 2022, and the acquisition’s impact on Sandvik’s EBITA margin and earnings per share will be limited.
Sandvik completes acquisition of Almü Präzisions-Werkzeug GmbH, strengthening its high-precision cutting tools offering for lightweight materials in automotive.
Strategic Expansion in Precision Engineering:
Announced in April 2024, the acquisition supports Sandvik’s goal of reinforcing its position in lightweight components. Stefan Widing, President and CEO of Sandvik, noted, “Strengthening our position within lightweight materials is one of the key priorities at Sandvik. Through this acquisition, we continue to execute on our strategy.”
Almü has a robust client base in the DACH region (Germany, Austria, Switzerland) and excels in engineering precision tools for lightweight materials like aluminum. The company provides custom tool solutions that align well with Sandvik’s strategic focus on sustainable and efficient production solutions.
Global Market Impact:
The acquisition aligns with Sandvik’s efforts to enhance its capabilities in lightweight materials, addressing the growing demand for high-precision tools in automotive engineering, particularly with the global shift towards electric vehicles.
Almü’s market leadership and Sandvik’s global resources will enable the delivery of advanced tooling systems to the industry. The transaction, expected to be finalized in Q2-2024, reinforces Sandvik’s innovative offerings in precision engineering.