SDVKY - Sandvik completes the acquisition of software supplier esco GmbH

PR Newswire

STOCKHOLM , Nov. 3, 2023 /PRNewswire/ -- Sandvik has completed the previously announced acquisition of esco GmbH engineering solutions consulting, a German-based supplier of software for power skiving, an important technology within gear machining. The company will be reported in Sandvik Coromant, a division within Sandvik Manufacturing and Machining Solutions.

Esco, founded in 1993, has around 17 employees and is headquartered in Aachen, Germany . In 2022, the company generated revenues of about SEK 14 million . The impact on Sandvik's EBITA margin and earnings per share will be limited.

Stockholm , November 3, 2023
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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SOURCE Sandvik