SDVKY - Sandvik completes the acquisition of Polish round tools company Fanar

PR Newswire

SANDVIKEN, Sweden , Nov. 2, 2021 /PRNewswire/ -- Sandvik has completed the previously announced acquisition of the Polish company Fabryka Narz?dzi FANAR S.A. (Fanar), a manufacturer of round tools.

In 2020, Fanar had revenues of about SEK 175 million . Impact on Sandvik's earnings per share will be limited.

The company will be reported in Seco, a division within the business area Sandvik Manufacturing and Machining Solutions.

Stockholm , November 2, 2021

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-polish-round-tools-company-fanar,c3445477

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SOURCE Sandvik