Sandvik acquires British medical-technology company
Sandvik Materials Technology has acquired the medical technology company Eurocut Ltd.
Eurocut Ltd. manufactures medical instruments and implants for the orthopedic sector. Its customers comprise leading medical technology companies that sell directly to hospitals and medical clinics.
Annual sales amount to about SEK 60 M and the company has 60 employees. Operations are based in Sheffield, in the UK.
The acquisition further strengthens Sandvik's position in the rapidly expanding medical technology segment.
"The acquisition is in line with our long-term ambition to be a strategic partner within the area and a complete supplier to globally leading medical technology companies. The addition of Eurocut Ltd. broadens our product program, expands our capacity and strengthens our expertise within machining and production of medical instruments and implants," says Peter Gossas, President of Sandvik Materials Technology.
Sandviken, 6 May 2008
Sandvik AB; (publ)