Jun 18, 2020ACQUISITIONMumbai, Gujarat, India Sandvik to acquire Miranda Tools' business
Dormer Pramet, a division of Sandvik Machining Solutions, has agreed to acquire the entire business of Indian company Miranda Tools, which manufactures high-speed steel and solid carbide round tools. The transaction is expected to close in Q3 2020.
Productshigh-speed steel round toolssolid carbide round tools
“The acquisition is aligned with Sandvik Machining Solutions' focus on strengthening our round tools offer whilst also adding greater production capacity and flexibility to support long-term growth.”prnewswire.com
- 6 sources
- prnewswire.comSandvik Acquires Miranda Tools' BusinessSandvikJun 18, 2020
- prnewswire.comMiranda Tools has agreed to sell its high-speed steel cutting tools business to Dormer PrametLincoln International LLCJun 18, 2020
- dealstreetasia.comIndia: Ashok Piramal group to sell Miranda Tools to Swedish firm SandvikSwaraj Singh DhanjalJun 19, 2020
- oemupdate.comDormer Pramet agrees to acquire business of India-based Miranda Tools | OEM UpdateOEM Update EditorialJun 27, 2020
- etmm-online.comDormer Pramet aquires Miranda Tools
Summarized from public sources; check the original articles before acting on it.
ENDATA