Seco Tools, a division within Sandvik Machining Solutions, has reached an agreement to acquire the Chinese company Kunshan Ousike Precision Tools Co., Ltd (OSK), a leading supplier of solid carbide round tools.
Sandvik Coromant, a division within Sandvik Machining Solutions, has reached an agreement to acquire the privately owned US-based company Dura-Mill Inc, a manufacturer of precision solid carbide end mills.
Sandvik has, in line with previous communication on 8 December 2017, completed the divestment of Hyperion to the US-listed investment firm KKR at the price of 4 billion SEK on a debt and cash free basis.
In addition to the previously communicated intention to exit from the stainless wire business, Sandvik further consolidates its business portfolio by divesting its 50% stake in Fagersta Stainless wire rod mill, a joint venture between Sandvik Materials Technology and Outokumpu.
In line with its strategic agenda to broaden Sandvik Machining Solutions’ customer offering in digital manufacturing, Sandvik intends to acquire the French software company Metrologic Group from Astorg Partners at a price of 360 million EUR, on a cash and debt free basis.