Sandvik completes the acquisition of Almü

Sandvik has finalized the acquisition of Almü, a Germany-based cutting tools and solutions provider.

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Rhea-AI Summary

Sandvik has finalized the acquisition of Almü, a Germany-based cutting tools and solutions provider. Almü, founded in 1978, has 44 employees and generated approximately 6 MEUR in revenues in 2022. The acquisition will be reported in Sandvik Coromant, impacting Sandvik's EBITA margin and earnings per share minimally.

Positive

Acquisition of a cutting tools and solutions provider expanding Sandvik's portfolio
Almü's established presence and expertise in high-precision drilling, reaming, milling, and tooling systems

Negative

impact on Sandvik's EBITA margin and earnings per share due to the acquisition

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05/03/2024 - 04:38 AM

STOCKHOLM, May 3, 2024 /PRNewswire/ -- Sandvik has completed the previously announced acquisition of Almü Präzisions-Werkzeug GmbH (Almü), a Germany-based cutting tools and solutions provider within high-precision drilling, reaming, milling and tooling systems. The company will be reported in Sandvik Coromant, a division within Sandvik Manufacturing and Machining Solutions.

Almü was founded in 1978, has 44 employees, and is headquartered in Zell unter Aichelberg, Germany. In 2022, the company generated revenues of about approximately 6 MEUR. The impact on Sandvik's EBITA margin and earnings per share will be limited.

Stockholm, May 3, 2024
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

This information was brought to you by Cision http://news.cision.com.

https://news.cision.com/sandvik/r/sandvik-completes-the-acquisition-of-almu,c3972799

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https://mb.cision.com/Main/208/3972799/2776599.pdf

Sandvik completes the acquisition of Almü

View original content:https://www.prnewswire.com/news-releases/sandvik-completes-the-acquisition-of-almu-302135514.html

SOURCE Sandvik

FAQ

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What is the recent acquisition Sandvik completed?

Sandvik completed the acquisition of Almü, a Germany-based cutting tools and solutions provider.

When was Almü founded?

Almü was founded in 1978.

How many employees does Almü have?

Almü has 44 employees.

Where is Almü headquartered?

Almü is headquartered in Zell unter Aichelberg, Germany.

What were Almü's revenues in 2022?

Almü generated revenues of approximately 6 MEUR in 2022.

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Sandvik completes the acquisition of Almü