# Sandvik acquires minority stake in up2parts

Sandvik acquired a minority stake in up2parts GmbH, a German AI-based manufacturing software start-up, simultaneously with an investment by Schaeffler Group.

- Type: Investment
- Announced: 2023-09-25
- Where: Germany
- Status: completed
- Products: AI-based manufacturing software
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Schaeffler](https://endata.com/companies/2238.md) (investor)
- [Sandvik](https://endata.com/companies/6190.md) (investor)
- [up2parts GmbH](https://endata.com/companies/57926.md) (target)

## Sources

- [digitalmanufacturing.sandvik](https://www.digitalmanufacturing.sandvik/en/news-stories/news/2023/09/sandvik-invests-in-ai-based-manufacturing-software-provider-up2parts/), 2023-09-25: "Sandvik is acquiring a minority stake in the privately owned German company up2parts."

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