Sandvik completes the acquisition of pro-micron GmbH

Rhea-AI Summary

Sandvik has successfully acquired pro-micron GmbH, a German-based supplier of sensorised tools and automation software. The acquisition will be reported in Sandvik Coromant, a division within Sandvik Manufacturing and Machining Solutions. Pro-micron, with 56 employees, generated significant revenues in 2022.

STOCKHOLM, Feb. 2, 2024 /PRNewswire/ -- Sandvik has completed the previously announced acquisition of pro-micron GmbH, a German-based supplier of sensorised tools and automation software. The company will be reported in Sandvik Coromant, a division within Sandvik Manufacturing and Machining Solutions.

Pro-micron, founded in 2002 has around 56 employees and is headquartered in Kaufbeuren, Bavaria, Germany. In 2022, the company generated revenues of about SEK 88 million. The impact on Sandvik's EBITA margin and earnings per share will be limited.

Stockholm, February 2, 2024
Sandvik AB

For further information, contact
Louise Tjeder,
VP Investor relations,
phone: +46 (0) 70782 6374

Johannes Hellström,
Press and Media Relations Manager,
phone: +46 (0) 70721 1008

The following files are available for download:

https://mb.cision.com/Main/208/3921444/2579383.pdf

Sandvik completes the acquisition of pro-micron GmbH

 

 

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SOURCE Sandvik

FAQ

What company did Sandvik acquire?

Sandvik acquired pro-micron GmbH.

What does pro-micron GmbH specialize in?

Pro-micron GmbH is a supplier of sensorised tools and automation software.

Where is pro-micron GmbH headquartered?

Pro-micron GmbH is headquartered in Kaufbeuren, Bavaria, Germany.

How many employees does pro-micron GmbH have?

Pro-micron GmbH has around 56 employees.

In which division will the acquisition be reported?

The acquisition will be reported in Sandvik Coromant, a division within Sandvik Manufacturing and Machining Solutions.

What were pro-micron GmbH's revenues in 2022?

Pro-micron GmbH generated significant revenues in 2022.