Walter AG

Sandvik AB acquired privately owned Thermaltek Inc., a manufacturer of high temperature furnace systems and metallic heating elements headquartered in North Carolina, USA.

ONCAP, the mid-market private equity platform of Onex, has acquired a majority stake in Montreal-based Walter Surface Technologies, with the Walter Group retaining a minority interest.

German tooling specialist Walter AG acquired Comara, owner of the 'appCom' cloud platform. The acquisition expands Walter's digital portfolio and enables production of 'Smart Tools' using real-time data.

Walter AG has joined with software partner Comara to create a new company under joint leadership, with Walter holding a majority stake. The joint venture will focus on smart manufacturing and Industry 4.0 solutions, including connectivity and real-time data systems.