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Sandvik Group

Acquisitions

The table shows completed acquisitions. For presentations related to acquisitions, go to the page reports and presentations.

Completed acquisitions 2020–2023
Year Company (link to press release)
Business area1)
Share,%
Revenues
MSEK
 Note
2023 Norgalv SMR 100 58 Q2
2023 MCB Services and Minerals SMR 100 60 Q2
2023 Premier Machine Tools SMM 95 120 MSEK Q1
2023 Polymathian SMR 100 100 MSEK Q1
2022 SP Mining SRP 100 1,967 MSEK Q4
2022 Frezite SMM 100 450 MSEK Q3
2022 Sphinx SMM 100 292 MSEK Q3
2022 Balax2) SMM 100 10 MSUD Q3
2022 Peterson Tool Company2) SMM 100 9 MUSD Q3
2022 Preziss SMM 100 10 MEUR Q3
2022 Akkurate SMR 100 - Q2
2022 Pexco3) SMT 100 - Q2
2022 Deswik SMR 100 79 MAUD 12M KV421-KV322 Q2
2022 Gerling SMT 100 90 (2020) Q1
2021 Dimensional Control Systems SMM 100 92 Q4
2021 GWS Tool Group SMM 100 41 MUSD Q4
2021 ICAM Technologies Corp. SMM 100 30 Q4
2021 Kwatani SRP 100 175 Q4
2021 Fanar
SMM
 100
175
 Q4
2021 Cambrio
SMM
100
628
 Q4
2021 Accuratech Group
SMT
100
75
 Q4
2021 DWFritz Automation
SMM
100
720
 Q4
2021 Tricon Drilling Solutions
SMR
100
18 MAUD 12M Q319-Q220
 Q3
2021 CNC Software Inc.
SMM
100
60 MUSD
 Q3
2021 Chuzhou Yongpu
SMM
 67
400 
 Q3
2021 DSI Underground
SMR
100
596 MEUR
 Q3
2020 CGTech
SMM
100
470
 Q4
2020 Miranda Tools
SMM
100
200
 Q4
2020 Allied Construction Products LLC SMRT 100 275 Q4
2020 Quimmico Centro Technológico (QCT) SMS 100 90 Q2
2020 Summerill Tube Corporation SMT 100 100 Q1

1) Business areas:
SMM=Sandvik Manufacturing and Machining Solutions
SMR=Sandvik Mining and Rock Solutions
SRP=Sandvik Rock Processing Solutions
SMT=Sandvik Materials Technology
SMS=Sandvik Machining Solutions
SMRT=Sandvik Mining and Rock Technology
2) Asset deal
3) The acquisition of Pexco was an additional purchase of the remaining 30% of the minority.

Previous acquisitions

  • 2010–2019

    Acquisitions 2010–2019
    Year Company (link to press release)
    Business area1)
    Share,%
    Invoicing
    MSEK
    		 Note
    2019 Thermaltek SMT 100 128 Q4
    2019 Melin Tool Company SMS 100 216 Q4
    2019 BeamIT SMS 30 70 Q2
    2019 Newtrax SMRT 100 185 Q2
    2019 Wetmore Tools & Engineering SMS 100 160 Q1
    2019 Artisan Vehicle Systems SMRT 100 115 Q1
    2018 Dura-Mill SMS 100 65 Q4
    2018 OSK SMS 100 120 Q4
    2018 Inrock SMRT 100 415 Q3
    2018 Custom Electric Manufacturing SMT 100 45 Q3
    2018 Metrologic Group SMS 100 450 Q3
    2016 Comara GmbH SMS 100 8 Q4
    2016 Prometec GmbH SMS 100 48 Q1
    2015 SGL Technology B.V. (SGL) Venture 100 60 Q3
    2014 Varel International Energy Services Inc. Venture 100 2,300 Q2
    2013 Precorp Inc. SMS 100 230 Q4
    2013 TechnoPartner Samtronic GmbH Venture 100 110 Q4
    2013 Cubex Mining 100 270 Q1
    2012 Seco Tools2) SMS 100
    2011 SJL SMC 80 1000 Q4

    1) Business areas
    SMRT=Sandvik Mining and Rock Technology
    SMS=Sandvik Machining Solutions
    SMT=Sandvik Materials Technology
    SMC=Sandvik Mining and Construction
    2) Purchase of minority-owned shares in subsidiary

  • 2000–2009

    Acquisitions 2000–2009
    Year Company (link to press release) Business area1) Share,% Invoicing
    MSEK
    2009 Wolfram Bergbau und Hütten GmBH, Austria Tooling 100 1800
    2009 BTA Heller Drilling Systems, UK Tooling 100 33
    2008 Precorp, USA Tooling 49 140
    2008 Teeness, Norway Tooling 100 200
    2008 Eurocut, UK SMT 100 60
    2008 Aubema, Germany SMC 100 160
    2008 Corstor International, South Africa SMC 100 70
    2008 JN Precise, Canada SMC 100 100
    2008 Medtronic Inc. (part of), USA SMT 100 110
    2007 JKB Medical Technologies, USA SMT 100 90
    2007 Doncasters Medical Technologies, UK SMT 100 500
    2007 Fintec Crushing and Screening Ltd, UK SMC 100 560
    2007 Extec Screens and Crushers Ltd, UK SMC 100 1800
    2007 Hydramatic Engineering, Australia SMC 100 330
    2007 Diamond Innovations, USA Tooling 100 >1000
    2007 Shark Abrasion Systems, Australia SMC 100 70
    2006 Metso Powdermet SMT 100 90
    2006 Implementos Mineros SMC 100 90
    2006 UDR Group SMC 100 275
    2006 Hagby-Asahi SMC 100 160
    2006 SDS Corporation SMC 100 650
    2005 Smith2) SMC 100  
    2005 Walter2) Tooling 100  
    2004 Werner Schmitt PKD-Werkzeug AG Tooling 100 88
    2004 Sandvik Gram A/S SMT 100 20
    2004 Sandvik MGS S.A. SMC 51 399
    2004 Sandvik Smith Asia Ltd SMC 100 53
    2004 Technical Tooling Inc Tooling 100 36
    2004 Alpen Ferramentaria de Precisao Ltda Tooling 100 9
    2004 TI-TEK Pty Ltd3) Tooling 100  
    2003 Walter Tooling 96  
    2002 Mazda Earth Technology SMC 100 500
    2002 Valenite Tooling 100 2000
    2002 Walter Tooling 94 2700
    2001 Walter Tooling <50  
    2001 Svedala SMC 100 1400
    2001 Sandvik Smith4) SMC 50 360
    2001 Sandvik Bafco Servicios S.A. SMC 100 80
    2001 Sandvik Hurth-Infer SA Tooling 80 65
    2001 Sandvik Choksi Ltd, India SMT 100 30
    2000 Beltreco Limited SMC 100 450
    2000 Hindrichs-Auffermann Metallverarbeitungs GmbH SMT 100 120
    2000 ARAF Tooling 100 30
    2000 Titex Tooling 100  
    2000 BPI, Neuson SMC 100 120
    2000 Qingdao SMT 100  

    1) Business areas:
    Tooling=Sandvik Tooling
    SMC=Sandvik Mining and Construction
    SMT=Sandvik Materials Technology
    SMS=Sandvik Machining Solutions
    2) Purchase of minority-owned shares in subsidiary
    3) Fusioned with Walter Australia Pty Ltd
    4) Joint venture

  • 1990–1999

    Acquisitions 1990–1999
    Year Company Business area1) Share,% Invoicing
    MSEK
    1999 Bröyt SMC 100 50
    1999 MRL SMT 100 160
    1998 Suh Jun Trading2) SMC 70 80
    1998 Poppe & Potthoff SMT 100 160
    1998 Tamrock Luoyang JV2) SMC 60
    1997 Globar (Kanthal) SMT 100 12
    1997 Saxon Blades SMT 100 22
    1997 Drillmaster SMC 100 80
    1997 Precision Twist Drill Tooling 100 1 000
    1997 Alloy Wire (Kanthal) SMT 100 28
    1997 Kanthal SMT 100 1 700
    1996 Kanthal SMT 47
    1997 Tamrock SMC 100 6 500
    1996 Tamrock SMC 49
    1996 Choksi SMT 51 200
    1996 Precitube SMT 100 40
    1996 Sandvik- Villares Wires SMT 50 160
    1996 CML SMT 100 300
    1996 Calamo SMT 100 65
    1995 Ovaco Accai SMT 100
    1994 Qingdao SMT 60
    1994 MKTS Tooling 100 50
    1994 Chomutov SMT 100 130
    1998 Baildonit Tooling 100
    1997 Baildonit Tooling 51 80
    1995 Baildonit Tooling 37
    1994 Baildonit Tooling 16 40
    1997 RGB Stainless SMT 100 300
    1994 RGB Stainless SMT 55
    1994 Impero Tooling 100 106
    1993 Impero Tooling 83

    1) Business areas:
    Tooling=Sandvik Tooling
    SMC=Sandvik Mining and Construction
    SMT=Sandvik Materials Technology
    SMS=Sandvik Machining Solutions
    2) Joint venture