Sandvik acquires Miranda Tools’ business
Dormer Pramet, a division within Sandvik Machining Solutions, 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 greater production capacity and flexibility to support long-term growth,” says Lars Bergström, President of Sandvik Machining Solutions. The acquisition enhances Dormer Pramet’s product offering and facilitates an improved presence in