STOCK TITAN

Sandvik completes the acquisition of pro-micron GmbH

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google

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

 

 

Cision View original content:https://www.prnewswire.com/news-releases/sandvik-completes-the-acquisition-of-pro-micron-gmbh-302051821.html

SOURCE Sandvik

Keep reading