# Sandvik acquires rock drilling tools supplier Inrock

Sandvik has acquired Inrock, a privately-owned supplier of rock drilling tools and services for horizontal directional drilling in North America. Inrock is headquartered in Houston and had revenues of $46 million in 2017.

- Type: Acquisition
- Announced: 2018-07-03
- Where: Houston, United States
- Jobs: 20
- Status: completed
- Products: rock drilling tools, pilot hole bits, reamers, guidance systems
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Sandvik](https://endata.com/companies/6190.md)
- [Sandvik](https://endata.com/companies/6190.md) (acquirer)
- [Hyperion](https://endata.com/companies/17997.md) (target)
- [Inrock](https://endata.com/companies/18797.md) (target)
- [Custom Electric Manufacturing](https://endata.com/companies/18937.md) (target)

## Sources

- [thedriller.com](https://www.thedriller.com/articles/91240-sandvik-acquires-rock-drilling-tools-supplier), 2018-07-03: "In line with our strategy, this demonstrates how we gear up for growth organically and through acquisitions in areas where we are stable and profitable, aiming for world-leading market positions."
- [mining-technology.com](https://www.mining-technology.com/contractors/drilling/sandvik-mining/pressreleases/sandvik-acquires-inrock/), 2018-07-03: "In line with our strategy, this demonstrates how we gear up for growth organically and through acquisitions in areas where we are stable and profitable, aiming for world-leading market positions."
- [inddist.com](https://www.inddist.com/mergers-acquisitions/news/13776291/sandvik-completes-acquisitions-of-metrologic-group-and-inrock-divestment-of-hyperion), 2018-07-05: "In line with our strategy, this demonstrates how we gear up for growth organically and through acquisitions in areas where we are stable and profitable, aiming for world-leading market positions."
- [prnewswire.com](https://www.prnewswire.com/news-releases/sandvik-acquires-the-us-based-custom-electric-manufacturing-300690150.html), 2018-08-01: "Through this acquisition we add further strength to our leading position in industrial heating systems"
- [metal-powder.tech](https://www.metal-powder.tech/sandvik-acquires-us-heating-element-producer-custom-electric-manufacturing/), 2018-08-14: "Through this acquisition we add further strength to our leading position in industrial heating systems."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.