# Sandvik to acquire PCD tools manufacturer Frezite

Sandvik has signed an agreement to acquire 100% of the equity interests of Frezite, a Portugal-based maker of polycrystalline diamond tools for metal and wood applications. The transaction is expected to close during the third quarter of 2022.

- Type: Acquisition
- Announced: 2022-06-01
- Where: Trofa, Portugal, Portugal
- Status: announced
- Products: polycrystalline diamond (PCD) tools, clamping and fixtures solutions
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Automotive Components](https://endata.com/sectors/automotive-components.md), [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Sandvik](https://endata.com/companies/6190.md) (acquirer)
- [Frezite](https://endata.com/companies/63199.md) (target)

## Sources

- [home.sandvik](https://www.home.sandvik/en/news-and-media/news/2022/06/sandvik-to-acquire-pcd-tools-manufacturer-frezite/), 2022-06-01: "With the acquisition of Frezite, we take another important step in our shift to growth strategy."
- [oaklins.com](https://www.oaklins.com/news/en-PT/218365-strategic-positioning-aligned-with-industry-mega-trends/), 2022-09-20: "Frezite provides complementary production capabilities and competence and reinforces our position in the electric and hybrid automotive market."

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