# Sandvik Investment acquires 12.44% stake in Suzhou Ahno Precision Cutting Tool Technology

Sandvik (China) Investment Co., Ltd. signed an agreement to acquire a 12.44% stake in Suzhou Ahno Precision Cutting Tool Technology Co., Ltd. from a group of shareholders on October 23, 2022.

- Type: Acquisition
- Announced: 2022-10-24
- Where: China
- Status: announced
- Products: precision cutting tools
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Sandvik (China) Investment Co., Ltd.](https://endata.com/companies/66071.md) (acquirer)
- [Suzhou Ahno Precision Cutting Tool Technology Co., Ltd.](https://endata.com/companies/66072.md) (target)

## Sources

- [marketscreener.com](https://www.marketscreener.com/quote/stock/NINGBO-BAOSI-ENERGY-EQUIP-34281577/news/Sandvik-Investment-Co-Ltd-signed-an-agreement-to-acquire-12-44-stake-in-Suzhou-Ahno-Precision-Cu-42090383/), 2022-10-24: "Sandvik (China) Investment Co., Ltd. signed an agreement to acquire 12.44% stake in Suzhou Ahno Precision Cutting Tool Technology Co., Ltd. from a group of shareholders."

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