M&A Deal Summary

Sandvik Acquires Akkurate

On June 20, 2022, Sandvik acquired internet software and services company Akkurate

Acquisition Highlights
  • This is Sandvik’s 1st transaction in the Internet Software and Services sector.
  • This is Sandvik’s 1st transaction in Finland.

M&A Deal Summary

Date 2022-06-20
Target Akkurate
Sector Internet Software and Services
Buyer(s) Sandvik
Deal Type Add-on Acquisition

Target

Akkurate

Kaarina, Finland
Akkurate is a provider of remote battery diagnostic- and prognostic platform. Akkurate was founded in 2016 and is based in Kaarina, Finland.

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Buyer(S) 1

Buyer

Sandvik

Stockholm, Sweden

Category Company
Founded 1862
Sector Engineering
Employees41,400
Revenue 122.9B SEK (2024)
DESCRIPTION

Sandvik operates as a global engineering company. Sandvik is a high-technology and global industrial group that produces products and services that enhance customer productivity, profitability, and safety. Sandvik was founded in 1862 and is based in Stockholm, Sweden.


DEAL STATS #
Overall 41 of 62
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 35 of 55
Country: Finland M&A 1 of 1
Year: 2022 M&A 4 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-20 Preziss

Barcelona, Spain

Preziss is a cutting tools and solutions provider within high-precision drilling, reaming, milling, and tooling systems. Preziss was founded in 1971 and is based in Barcelona, Spain.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-27 Frezigest

Trofa , Portugal

Frezigest is manufacturer of made-to-order polycrystalline diamond (PCD) tools for metal and wood applications, with exposure to the automotive, general engineering and aerospace segments. Frezigest was founded in 1978 and is based in Trofa, Portgual.

Buy -