Sandvik completes acquisition of solutions provider Preziss
July 5, 2022
Sandvik AB, Stockholm, Sweden, has completed its previously announced acquisition of cutting tools and solutions provider Preziss, Montgat, Spain. The company will be reported within Sandvik Coromant, a division of Sandvik Manufacturing and Machining Solutions.
Preziss also offers metal Additive Manufacturing services in H13 tool steel, suitable for extrusion dies, injection moulds, hot-forging dies, and inserts & cavities; 4140 steel for jigs & fixtures, automotive, bolts/nuts and gears; 17-4PH stainless steel for manufacturing machinery, chemical processing, pump components and valving; 316L stainless steel for food processing, lab equipment, medical devices and jewellery; and copper for consumer & industrial electronics, heat exchangers, antennas and inductors.
In 2021, Preziss had revenues of approximately €10 million and an EBITA margin that is neutral to Sandvik Manufacturing and Machining Solutions. Impacts on Sandvik’s earnings per share are expected to be limited, yet positive.
