Suzhou Ahno Precision Cutting Tool Technology Co., Ltd.

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.

Sandvik has signed an agreement to acquire a 72.4% stake in Suzhou Ahno Precision Cutting Tool Technology Co., Ltd., a Chinese precision cutting tools manufacturer with about 1,200 employees and revenues of CNY 812 million in 2023.

Sandvik (China) Investment Co., Ltd. signed an agreement to acquire a 12.44% stake in Suzhou Ahno Precision Cutting Tool Technology Co., Ltd. from a group of shareholders on October 23, 2022.