# Sandvik acquires precision tools manufacturer Sphinx Tools

Sandvik has signed and completed an agreement to acquire 100% of the equity interests in Switzerland-based Sphinx Tools Ltd and its subsidiary P. Rieger Werkzeugfabrik AG. Sphinx Tools offers precision solid round tools (micro tools) and surgical cutting tools, with customers in automotive, aerospace and medical segments.

- Type: Acquisition
- Announced: 2022-08-08
- Where: Switzerland, Switzerland
- Status: completed
- Products: precision solid round tools, micro tools, surgical cutting tools
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Sandvik](https://endata.com/companies/6190.md) (acquirer)
- [Sphinx Tools](https://endata.com/companies/64636.md) (target)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/sandvik-has-acquired-precision-tools-manufacturer-sphinx-tools-301601508.html), 2022-08-08: "Sandvik has signed and completed an agreement to acquire 100% of the equity interests in the Switzerland-based Sphinx Tools Ltd"

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