# Sandvik to acquire Spain-based Preziss for cutting tools solutions

Sandvik has signed an agreement to acquire Preziss, a Spanish provider of cutting tools and solutions for aluminum and composite machining. The transaction is expected to close in Q3 2022.

- Type: Acquisition
- Announced: 2022-05-20
- Where: Montgat, Spain, Spain
- Status: announced
- Products: cutting tools, tooling systems for aluminum and composite machining
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Sandvik](https://endata.com/companies/6190.md) (acquirer)
- [Preziss](https://endata.com/companies/19289.md) (target)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/sandvik-to-acquire-spain-based-preziss-a-solutions-provider-for-aluminum-and-composite-machining-301552019.html), 2022-05-20: "I am very pleased that we continue to execute on our shift to growth strategy."
- [home.sandvik](https://www.home.sandvik/en/news-and-media/news/2022/07/sandvik-completes-the-acquisition-of-preziss-a-solutions-provider-for-aluminum-and-composite-machining/), 2022-07-01: "Sandvik has completed the previously announced acquisition of the Spain-based company Preziss."

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