Add-on Acquisition • Manufacturing

Sandvik Acquires Frezigest

On June 27, 2022, Sandvik acquired manufacturer Frezigest

Acquisition Context
  • This is Sandvik’s 13th transaction in the Manufacturing sector.
  • This is Sandvik’s 1st transaction in Portugal.

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M&A Deal Summary

Date June 27, 2022
Target Frezigest
Sector Manufacturing
Buyer(s) Sandvik
Deal Type Add-on Acquisition

Target Company

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.
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Buyer Overview 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 Context for Buyer #
Overall 42 of 62
Sector: Manufacturing 13 of 21
Type: Add-on Acquisition 36 of 55
Country: Portugal 1 of 2
Year: 2022 5 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-20 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-03 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.

Buy -