M&A Deal Summary

Sandvik Acquires Balax

On August 3, 2022, Sandvik acquired manufacturer Balax

Acquisition Highlights
  • This is Sandvik’s 14th transaction in the Manufacturing sector.
  • This is Sandvik’s 20th transaction in the United States.
  • This is Sandvik’s 1st transaction in Wisconsin.

M&A Deal Summary
Date 2022-08-03
Target Balax
Sector Manufacturing
Buyer(s) Sandvik
Deal Type Add-on Acquisition

Target

Balax

Hartland, Wisconsin, United States
Balax is a provider of carbide and HSS cut taps and roll forming taps, primarily within the general engineering and automotive segments. Balax is based in Hartland, Wisconsin.

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Buyer(S) 1

Buyer

Sandvik

Stockholm, Sweden
Category Company
Founded 1862
Sector Engineering
Employees40,344
Revenue 126.5B SEK (2023)
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 43 of 55
Sector (Manufacturing) 14 of 20
Type (Add-on Acquisition) 37 of 49
State (Wisconsin) 1 of 1
Country (United States) 20 of 23
Year (2022) 6 of 9
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-09 Sphinx Tools

Derendingen, Switzerland

Sphinx Tools is a manufacturer of precision tools for the machining industry. Sphinx Tools’ offering primarily consists of precision solid round tools (micro tools) and surgical cutting tools. Sphinx Tools was founded in 1994 and is based in Derendingen, Switzerland.

Buy -
Mergr

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