# Sandvik completes acquisition of majority stake in Suzhou Ahno

Sandvik has completed the acquisition of a majority stake in Suzhou Ahno Precision Cutting Tool Technology Co., Ltd., a China-based cutting tool company with approximately 1,200 employees and 2023 revenues of about CNY 812 million.

- Type: Acquisition
- Announced: 2024-07-01
- Where: Suzhou, China, China
- Status: completed
- Products: precision cutting tools
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Sandvik](https://endata.com/companies/6190.md) (acquirer)
- [Ningbo BaoSi Energy Equipment](https://endata.com/companies/14539.md) (partner)
- [Suzhou Ahno Precision Cutting Tool Technology Co., Ltd.](https://endata.com/companies/66072.md) (target)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/sandvik-completes-the-acquisition-of-majority-stake-in-china-based-suzhou-ahno-302186791.html), 2024-07-01: "Sandvik has completed the previously announced acquisition of a majority stake in the leading China-based company Suzhou Ahno Precision Cutting Tool Technology Co., 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.