# Sandvik to acquire GWS Tool Group

Sandvik has signed an agreement to acquire 100% of GWS Tool Group from L Squared Capital Partners and management. The transaction is expected to close in Q4 2021.

- Type: Acquisition
- Announced: 2021-11-22
- Where: Florida, United States
- Status: announced
- Products: round tools, cutting tools
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Sandvik](https://endata.com/companies/6190.md) (acquirer)
- [GWS Tool Group](https://endata.com/companies/17991.md) (target)
- [Deswik](https://endata.com/companies/41784.md) (target)
- [L Squared Capital Partners](https://endata.com/companies/57013.md) (investor)
- [L Squared Capital Partners](https://endata.com/companies/57013.md) (partner)
- [ICAM Technologies Corporation](https://endata.com/companies/59233.md) (target)
- [GWS Tool Intermediate Holdings LLC](https://endata.com/companies/59897.md) (target)

## Sources

- [home.sandvik](https://www.home.sandvik/en/news-and-media/news/2021/11/sandvik-to-acquire-us-based-round-tools-manufacturer-gws-tool-group/), 2021-11-22: "Sandvik has signed an agreement to acquire 100% of the equity interests of the US based company GWS Tool Intermediate Holdings LLC from its beneficial owners, L Squared Capital Partners and GWS management."
- [businesswire.com](https://www.businesswire.com/news/home/20211122006183/en/L-Squared-Capital-Partners-Announces-Pending-Sale-of-GWS-Tool-Group-to-Sandvik), 2021-11-22: "L Squared has been an excellent partner for our rapid growth trajectory."
- [sandvik.coromant.com](https://www.sandvik.coromant.com/en-us/press/icam-to-be-acquired-and-report-to-sandvik-coromant), 2021-11-25: "I am really happy to welcome ICAM to Sandvik Coromant and I look forward to us working together and strengthening our offer to our customers."
- [news.cision.com](https://news.cision.com/sandvik/r/sandvik-to-acquire-software-provider-icam,c3460947), 2021-11-25: "I am very pleased that we can welcome ICAM to Sandvik."
- [icam.com](https://www.icam.com/sandvik-acquires-software-provider-icam/), 2021-11-26: "I am very proud to announce today that, following a careful process of selecting an appropriate long term growth plan for ICAM, I’ve agreed to have our business be acquired by Sandvik AB of Sweden."
- [im-mining.com](https://im-mining.com/category/mining-mergers-and-acquisitions/page/23/), 2021-12-02: "Sandvik has signed an agreement to acquire Deswik, a provider of mine planning software, with..."
- [home.sandvik](https://www.home.sandvik/se/nyheter-och-media/nyheter/2021/12/sandvik-slutf%C3%B6r-f%C3%B6rv%C3%A4rvet-av-amerikanska-gws-tool-group-en-tillverkare-av-runda-verktyg/), 2021-12-23: "Sandvik har slutfört avtalet om förvärv av de 100 % av ägarandelarna i det amerikanska bolaget GWS Tool Intermediate Holdings LLC."
- [prnewswire.com](https://www.prnewswire.com/news-releases/sandvik-completes-the-acquisition-of-us-based-round-tools-manufacturer-gws-tool-group-301450304.html), 2021-12-23: "Sandvik has completed the previously announced acquisition of the 100% equity interests of the US based company GWS Tool Intermediate Holdings LLC."

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