Sandvik has signed an agreement to acquire a majority stake in the leading China-based company Suzhou Ahno Precision Cutting Tool Technology Co., Ltd. (Ahno) from the current majority owner, Ningbo Baosi Energy Equipment Co., Ltd and related parties. The company will be reported within the business area segment Sandvik Machining Solutions. Ahno has a leading position…
Swedish engineering group Sandvik has signed an agreement to acquire pro-micron GmbH, a German-based supplier of sensorised tools and automation software. Sensorised tools is a high-growth market, with strong underlying drivers such as the accelerated shift to automated production, increasing demand of production data from our customers and closed loop manufacturing driving the need for digitalization,…
Sandvik has appointed Mattias Nilsson as President of Business Area segment Sandvik Manufacturing Solutions and new member of the Sandvik Group Executive Management, effective May 8, 2023. He is currently Vice President Offer Management and R&D at Sandvik Coromant, where he is also part of the management team. Mattias Nilsson, born in 1972, joined Sandvik…
Sandvik has appointed Björn Roodzant as Executive Vice President and Head of Group Communications and Sustainability, effective May 1, 2023. Björn Roodzant, born in 1969, will also be a member of the Sandvik Group Executive Management. He is currently Vice President Group Communication and Brand at Sandvik Group. “Björn Roodzant has strong leadership skills, a broad…
Swedish multinational engineering company Sandvik has signed an agreement to acquire 100% of the equity interests of the Portugal-based company Frezigest, SGPS (Frezite). The company will be reported within Walter, a division within Sandvik Manufacturing and Machining Solutions, a statement said. “With the acquisition of Frezite, we take another important step in our shift to growth…
Sandvik, a developer and producer of stainless steels, special alloys, titanium and other high-performance materials, will invest in a new Hydraulic and Instrumentation tubing factory at its Mehsana Mill in Gujarat, western India, to meet increasing customer demand. “The Mehsana Mill is an important facility in our journey towards increasing our footprint in Asia. As…
Sandvik, a high-tech and global engineering group offering products and services that enhance customer productivity, profitability and sustainability, has signed an agreement to acquire DSI Underground, the global leader in ground support and reinforcement products, systems and solutions for the underground mining and tunneling industries. The company will be reported in Sandvik Mining and Rock…
Sandvik, a high-tech and global engineering group offering products and services that enhance customer productivity, profitability and sustainability, announced that it has signed an agreement to acquire US based CGTech, a global market leader in software for numerical control simulation, verification and optimization. The company will be reported in Sandvik Coromant, a division within Sandvik…
Dormer Pramet, a division within Sandvik Machining Solutions, announced that it has reached an agreement to acquire the entire business of the Indian company Miranda Tools, comprising manufacture of High Speed Steel and solid carbide round tools. “The acquisition is aligned with Sandvik Machining Solutions’ focus on strengthening our round tools offer whilst also adding…