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    HomeCAMSandvik Acquires Spain-based Preziss, Cutting Tools and Solutions Provider for Aluminum, Composite...

    Sandvik Acquires Spain-based Preziss, Cutting Tools and Solutions Provider for Aluminum, Composite Machining

    SANDVIKEN, Sweden, Jul 5, 2022 – Sandvik has completed the previously announced acquisition of the Spain-based company Preziss, a cutting tools and solutions provider within high-precision drilling, reaming, milling and tooling systems. The company will be reported in Sandvik Coromant, a division within Sandvik Manufacturing and Machining Solutions.

    In 2021, Preziss had revenues of approximately 10 MEUR and an EBITA margin that is neutral to Sandvik Manufacturing and Machining Solutions. Impact on Sandvik’s earnings per share will be limited, yet positive.

    About Sandvik Group

    Sandvik is a high-tech and global engineering group offering products and services that enhance customer productivity, profitability and sustainability. We hold world-leading positions in selected areas – tools and tooling systems for metal cutting; equipment and tools, service and technical solutions for the mining industry and rock excavation within the construction industry; products in advanced stainless steels and special alloys as well as products for industrial heating. In 2020, the Group had approximately 37,000 employees and revenues of about 86 billion SEK in more than 160 countries within continuing operations. For more information, visit https://www.home.sandvik/en.

    Nitin Patil
    Nitin Patil
    Editor and Director of Content, DailyCADCAM.com. Nitin completed his Master's in Mass Communication & Journalism and having 13 years of work experience as an editor, content writer with renowned international technical magazines and media companies. He is associated with CAD,CAM industry since 2008.
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