Sandvik completes the acquisition of software supplier esco GmbH

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Sandvik has completed the acquisition of esco GmbH, a German-based supplier of software for power skiving. Esco will be reported in Sandvik Coromant, generating revenues of - in 2022.

STOCKHOLM, Nov. 3, 2023 /PRNewswire/ -- Sandvik has completed the previously announced acquisition of esco GmbH engineering solutions consulting, a German-based supplier of software for power skiving, an important technology within gear machining. The company will be reported in Sandvik Coromant, a division within Sandvik Manufacturing and Machining Solutions.

Esco, founded in 1993, has around 17 employees and is headquartered in Aachen, Germany. In 2022, the company generated revenues of about SEK 14 million. The impact on Sandvik's EBITA margin and earnings per share will be limited.

Stockholm, November 3, 2023
Sandvik AB

For further information, contact Louise Tjeder, VP Investor relations, phone: +46 (0) 70782 6374 or Johannes Hellström, Press and Media Relations Manager, phone: +46 (0) 70721 1008.

The following files are available for download:

https://mb.cision.com/Main/208/3868504/2405553.pdf

Sandvik completes the acquisition of software supplier esco GmbH

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SOURCE Sandvik

FAQ

What did Sandvik acquire?

Sandvik has acquired esco GmbH, a German-based supplier of software for power skiving.

Where is esco GmbH headquartered?

esco GmbH is headquartered in Aachen, Germany.

How many employees does esco GmbH have?

esco GmbH has around 17 employees.

Which division of Sandvik will esco be reported in?

esco will be reported in Sandvik Coromant.

What were esco GmbH's revenues in 2022?

esco GmbH generated revenues of - in 2022.