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SDVKY - Sandvik AB acquires minority stake in Oqton
Sandvik AB ADR
Sandvik (SDVKY) has acquired a minority stake in the privately owned American software company Oqton, a provider of AI-powered manufacturing solutions that allows manufacturers to manage, optimize, and automate their manufacturing workflows.Under the deal, Oqton will be managed by Sandvik Manufacturing Solutions' division Design & Planning Automation, within the business area Sandvik Manufacturing and Machining Solutions.The financial terms of the investment are not disclosed.