SDVKY - Sandvik completes the acquisition of Almü

PR Newswire

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

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

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SOURCE Sandvik