M&A Deal Summary

Sandvik Acquires Custom Electric Manufacturing

On August 1, 2018, Sandvik acquired electrical equipment company Custom Electric Manufacturing

Acquisition Highlights
  • This is Sandvik’s 1st transaction in the Electrical Equipment sector.
  • This is Sandvik’s 6th transaction in the United States.
  • This is Sandvik’s 2nd transaction in Michigan.

M&A Deal Summary
Date 2018-08-01
Target Custom Electric Manufacturing
Sector Electrical Equipment
Buyer(s) Sandvik
Deal Type Add-on Acquisition

Target

Custom Electric Manufacturing

Wixom, Michigan, United States
Custom Electric Manufacturing Co. is a manufacturer of original equipment and replacement heating elements on the North American market.

Search 201,157 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

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 12 of 55
Sector (Electrical Equipment) 1 of 2
Type (Add-on Acquisition) 9 of 49
State (Michigan) 2 of 3
Country (United States) 6 of 23
Year (2018) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-02 INROCK Drilling

Houston, Texas, United States

INROCK Drilling, Inc. is a provider of a pilot hole bits, reamers, guidance systems, accessories and services for the premium maxi rig segment within HDD. INROCK Drilling was founded in 1993 and is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-10 Dura-Mill

Malta, New York, United States

Dura-Mill, Inc. is a manufacturer of precision solid carbide end mills. Dura-Mill takes pride in its responsive customer service, technical support and, of course, product innovation and performance. Located in a state-of-the-art manufacturing facility in the heart of New York’s “Tech Valley”, Dura-Mill provides optimal value and performance in cutting tools for end mill applications for a wide range of custom applications.

Buy -
Mergr

Product

Company

Legal