# Sandvik acquires PMT Premier Machine Tools Limited

Sandvik acquired 95% of the shares in PMT Premier Machine Tools Limited, an Irish solutions provider to medical customers, on 1 February 2023. The company will be reported within Seco, a division of Sandvik Manufacturing and Machining Solutions.

- Type: Acquisition
- Announced: 2023-02-01
- Where: Kildare, Ireland, Ireland
- Status: completed
- Products: machining solutions, tools, services for medical segment
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Medical Devices](https://endata.com/sectors/medical-devices.md)

## Companies

- [Sandvik](https://endata.com/companies/6190.md) (acquirer)
- [PMT Premier Machine Tools Limited](https://endata.com/companies/68249.md) (target)
- [Premier Machine Tools](https://endata.com/companies/68344.md) (target)

## Sources

- [home.sandvik](https://www.home.sandvik/en/news-and-media/news/2023/02/sandvik-acquires-pmt-premier-machine-tools-limited/), 2023-02-01: "The acquisition of PMT fits well with our strategy to strengthen our position in the fast-growing area of medical."
- [news.cision.com](https://news.cision.com/sandvik/r/sandvik-acquires-pmt-premier-machine-tools-limited,c3707301), 2023-02-01: "The acquisition of PMT fits well with our strategy to strengthen our position in the fast-growing area of medical."
- [businessplus.ie](https://businessplus.ie/ma/mergers-acquisitions/premier-machine-tools-acquired-by-sandvik/), 2023-02-06: "Sweden’s mining equipment giant Sandvik has acquired a 95% stake in Premier Machine Tools."
- [metalworkingnews.info](https://metalworkingnews.info/sandvik-acquires-pmt-premier-machine-tools-limited/), 2023-03-09: "The acquisition of PMT fits well with our strategy to strengthen our position in the fast-growing area of medical."

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