Sandvik to acquire Germany-based Almü, a solutions provider for aluminum machining
Sandvik has signed an agreement to acquire Almü Präzisions-Werkzeug GmbH (Almü), a Germany-based cutting tools and solutions provider within high-precision drilling, reaming, milling and tooling systems. With the acquisition of Almü, Sandvik will strengthen its offering towards lightweight components in the automotive segment, an area which is increasing in importance due to the shift towards electric vehicles. The company will be reported in Sandvik Coromant, a division within Sandvik Manufacturing and Machining Solutions. “Strengthening our position within lightweight materials is one