Sandvik AB, a global engineering group specializing in mining and rock excavation, has announced a substantial equipment order worth approximately SEK 340 million from Cimertex, a distributor based in Portugal. This order is destined for Almina Minas do Alentejo S.A., enhancing its operations within Portugal’s Iberian pyrite belt. The deliveries are scheduled to start in […]
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 […]
Sandvik, a global engineering group, has announced its acquisition of a majority stake in Suzhou Ahno Precision Cutting Tool Technology Co., Ltd. (Ahno), a leading provider of precision cutting tools based in China. The agreement involves purchasing the majority shares from the current owner, Ningbo Baosi Energy Equipment Co., Ltd, and related parties. This acquisition […]
Sandvik AB, a global engineering group, has entered into a definitive agreement to acquire Cimquest Inc., a leading United States-based reseller of Computer Aided Manufacturing (CAM) solutions and a prominent member of the Mastercam reseller network. This acquisition is poised to significantly enhance Sandvik’s footprint in the CAM domain, leveraging Cimquest’s extensive experience and market […]
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 […]
Sandvik has signed a loan agreement for €500 million with the European Investment Bank (EIB) to support its investments in research and development (R&D). According to the Swedish engineering company, the R&D investments will be made in advanced solutions in component manufacturing and in solutions for electrification and automation in infrastructure and mining. The EIB […]
Sandvik has acquired the assets of US-based Balax, which supplies carbide and HSS cut taps and roll forming taps, that are mainly used within the automotive and general engineering segments. The financial terms of the deal were not disclosed. Balax will come under Walter, a unit within the Sandvik Manufacturing and Machining Solutions business area. […]
Sandvik has wrapped up the previously announced acquisition of the assets of Peterson Tool Company (PTC) an American supplier of machine-specific custom insert tooling solutions. The financial terms of the deal were not disclosed by the Swedish engineering firm. Based in Nashville, Peterson Tool Company offers custom carbide form inserts for high-production grooving and turning […]
Swedish engineering company Sandvik has agreed to acquire Frezigest, SGPS (Frezite), a Portuguese tool manufacturer, for an undisclosed price. Frezite offers customized and standard cutting solutions to wood, plastics, and composite materials. Its offering mainly consists customized polycrystalline diamond (PCD) tools for metal and wood applications, with exposure to the general engineering, automotive, and aerospace […]
Sandvik, a Swedish engineering firm, has agreed to acquire the assets of Peterson Tool Company, a US-based supplier of machine-specific custom insert tooling solutions, for an undisclosed price. Peterson Tool Company’s products include custom carbide form inserts that are used in high-production turning and grooving applications, mainly within the automotive and general engineering segments. It […]