# Sandvik completes acquisition of Miranda Tools

Sandvik has completed the acquisition of the entire business of Indian company Miranda Tools, which manufactures High Speed Steel and solid carbide round tools. The business will be part of Sandvik Machining Solutions' division Dormer Pramet.

- Type: Acquisition
- Announced: 2020-12-01
- Where: India
- Value: $1.15B (943.0M EUR)
- Jobs: 580
- Status: completed
- Products: High Speed Steel tools, solid carbide round tools
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Triton](https://endata.com/companies/1769.md)
- [Triton](https://endata.com/companies/1769.md) (investor)
- [Sandvik](https://endata.com/companies/6190.md) (acquirer)
- [DSI Underground](https://endata.com/companies/31645.md) (target)
- [Miranda Tools](https://endata.com/companies/47979.md) (target)

## Sources

- [home.sandvik](https://www.home.sandvik/en/news-and-media/news/2020/12/sandvik-completes-the-acquisition-of-miranda-tools-business/), 2020-12-01: "Sandvik has completed the previously announced acquisition of the entire business of the Indian company Miranda Tools"
- [georesources.net](https://www.georesources.net/cms.php/en/archive/9761/triton-to-sell-dsi-underground-to-sandvik), 2020-12-29: "Our owner Triton plans to sell DSI Underground to the Sweden based public listed company Sandvik Group"
- [mining-technology.com](https://www.mining-technology.com/deals-analysis/sandvik-dsi-underground/), 2021-01-04: "Sandvik has signed an agreement for the acquisition with DSI Underground’s owner Triton, a private equity investment firm, and will acquire 100% ownership of DSI Underground for a purchase price of €943m ($1.15bn) on a cash and debt-free basis."
- [im-mining.com](https://im-mining.com/category/mining-mergers-and-acquisitions/page/28/), 2021-01-27: "Sandvik has signed an agreement to acquire DSI Underground, a global leader in ground support..."

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