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 […]
Dormer Pramet, a unit of Sandvik Machining Solutions, has agreed to acquire the entire business of India-based Miranda Tools, which comprises manufacture of high speed steel and solid carbide round tools. The acquisition is said to improve the product offering of Dormer Pramet and is said to enable an improved footprint in major markets like […]