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Sandvik completes the acquisition of Preziss, a solutions provider for aluminum and composite machining

Sandvik has completed the previously announced acquisition of the Spain-based company Preziss, a cutting tools and solutions provider within high-precision drilling, reaming, milling and tooling systems.

Sandvik completes the acquisition of Preziss, a solutions provider for aluminum and composite machining
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The company will be reported in Sandvik Coromant, a division within Sandvik Manufacturing and Machining Solutions.

In 2021, Preziss had revenues of approximately 10 ME€ and an EBITA margin that is neutral to Sandvik Manufacturing and Machining Solutions. Impact on Sandvik’s earnings per share will be limited, yet positive.

More information www.sandvik.coromant.com