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Seco Tools, based in Fagersta, Sweden, acquired Premier Machine Tools Ltd. (PMT) of Kildare, Ireland, a supplier of machining technology for the medical industry. PMT will continue to operate independently under its own brand.
Seco Tools acquired PMT Premier Machine Tools Ltd, a supplier of machining solutions for the medical industry in Ireland. The acquisition strengthens Seco's presence in the medical segment.
Sandvik acquired 95% of the shares in PMT Premier Machine Tools Limited, an Irish solutions provider to medical customers, on 1 February 2023. The company will be reported within Seco, a division of Sandvik Manufacturing and Machining Solutions.