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SANDVIKEN, Sweden, Jan. 15, 2021 /PRNewswire/ Sandvik has acquired a minority stake in the privately owned American software company Oqton, a leading provider of AI-powered manufacturing solutions that allows manufacturers to manage, optimize, and automate their manufacturing workflows. This investment is in line with our strategic agenda to broaden our offering in digital manufacturing. We are looking forward to working with Oqton and finding ways to expand our offering for increased customer productivity by creating new products that take advantage of Sandvik s extensive know-how about manufacturing processes and Oqton s AI-powered manufacturing solutions , says Stefan Widing, President and CEO of Sandvik.
Sandvik completes the acquisition of CGTech
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STOCKHOLM, Dec. 31, 2020 /PRNewswire/ Sandvik has completed the previously announced acquisition of US based CGTech, a global market leader in software for numerical control (NC/CNC) simulation, verification and optimization.
In 2019, CGTech had revenues of about SEK 470 million and around 180 employees. The deal will initially have a neutral impact on Sandvik s earnings per share.
CGTech will be part of Sandvik Machining Solutions division Sandvik Coromant, within the business area Sandvik Manufacturing and Machining Solutions.
Stockholm, 31 December 2020
Sandvik AB
For further information, contact Louise Tjeder, Vice President Investor Relations, phone: +46 (0) 70 782 63 74 or Edvard Bergström, Vice President Communications Relations and Productions, +46 (0) 70 993 83 11.
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SANDVIKEN, Sweden, Dec. 23, 2020 /PRNewswire/ Sandvik has completed the previously announced acquisition of the entire business of the Indian company Miranda Tools, comprising the manufacture of High Speed Steel and solid carbide round tools.
In 2019, Miranda Tools had revenues of about 200 million SEK and around 580 employees. The deal has a limited impact on Sandvik s earnings per share.
The Miranda Tools business will be part of Sandvik Machining Solutions division Dormer Pramet, within the business area Sandvik Manufacturing and Machining Solutions.
Stockholm, 23 December 2020
Sandvik AB
For further information, contact Louise Tjeder, Vice President Investor Relations, phone: +46 (0) 70 782 63 74 or Edvard Bergström, Vice President Communications Relations and Productions, +46 (0) 70 993 83 11.
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