Sandvik strengthens its position in sensorised tools market with the acquisition of pro-micron GmbH
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.
Pro-micron’s state-of-the-art sensorised tools offering for diagnostics and process monitoring help reduce production errors and increase automation for customers within areas like solid round tools machining.
In addition, pro-micron’s long-standing relationships with machine tool builders will help strengthen and expand our partnerships with these customers. The company will be reported in Sandvik Coromant, a division within Sandvik Manufacturing and Machining Solutions.
“The acquisition of pro-micron fits very well with our strategic focus to grow within key high-growth industry segments, in this case the area of sensorised tools and automation,” says Stefan Widing, President and CEO of Sandvik.
Pro-micron, founded in 2002 has around 56 employees and is headquartered in Kaufbeuren, Bavaria, Germany. In 2022, the company generated revenues of about SEK 88 million. The impact on Sandvik’s EBITA margin and earnings per share will be limited.
Stockholm, December 28, 2023
Sandvik AB
For further information, contact Louise Tjeder, VP Investor relations, phone: +46 (0) 70782 6374 or Johannes Hellström, Press and Media Relations Manager, phone: +46 (0) 70721 1008
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Sandvik Group
Sandvik is a global, high-tech engineering group providing solutions that enhance productivity, profitability and sustainability for the manufacturing, mining and infrastructure industries. We are at the forefront of digitalization and focus on optimizing our customers’ processes. Our world-leading offering includes equipment, tools, services and digital solutions for machining, mining, rock excavation and rock processing. In 2022 the Group had approximately 40,000 employees and revenues of about 112 billion SEK in about 150 countries within continuing operations.
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