M&A Deal Summary

Sandvik Acquires Frezite

On September 2, 2022, Sandvik acquired manufacturer Frezite

Acquisition Highlights
  • This is Sandvik’s 16th transaction in the Manufacturing sector.
  • This is Sandvik’s 2nd transaction in Portugal.

M&A Deal Summary

Date 2022-09-02
Target Frezite
Sector Manufacturing
Buyer(s) Sandvik
Deal Type Add-on Acquisition

Target

Frezite

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

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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 45 of 62
Sector: Manufacturing M&A 16 of 21
Type: Add-on Acquisition M&A Deals 39 of 55
Country: Portugal M&A 2 of 2
Year: 2022 M&A 8 of 9
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-14 Polymathian

South Brisbane, Australia

Polymathian is a provider of advanced mine optimization software and services. The Company's product offering includes mining operations optimization and simulation software for areas such as extraction process, material flow, energy & fuel consumption and maintenance efficiency, and it counts several of the world's largest mining companies as customers. Polymathian was founded in 2013 and is based in South Brisbane, Australia.

Buy -