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Sandvik to acquire Almü Präzisions-Werkzeug GmbH · Endata

◂ Announcements

Industrial Machineryworld trade 2024+4.5% 5Y CAGR

Automotive Componentsworld trade 2024+2.2% 5Y CAGR

Apr 9, 2024ACQUISITIONZell unter Aichelberg, Germany, Germany

Sandvik to acquire Almü Präzisions-Werkzeug GmbH

Sandvik has signed an agreement to acquire Almü, a Germany-based cutting tools and solutions provider for aluminum machining. The acquisition strengthens Sandvik's offering for lightweight components in the automotive segment.

Status

Announced

Productscutting toolsdrilling toolsreaming toolsmilling toolstooling systems

CompaniesSandvik acquirer Almü Präzisions-Werkzeug GmbH target

Sectors#Industrial Machinery #Automotive Components

“Strengthening our position within lightweight materials is one of the key priorities within Sandvik.”news.cision.com

1 source
news.cision.comSandvik to acquire Germany-based Almü, a solutions provider for aluminum machining - SandvikApr 9, 2024

Summarized from public sources; check the original articles before acting on it.

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