M&A Deal Summary

Sandvik Acquires Preziss

On May 20, 2022, Sandvik acquired manufacturer Preziss

Acquisition Highlights
  • This is Sandvik’s 12th transaction in the Manufacturing sector.
  • This is Sandvik’s 1st transaction in Spain.

M&A Deal Summary

Date 2022-05-20
Target Preziss
Sector Manufacturing
Buyer(s) Sandvik
Deal Type Add-on Acquisition

Target

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.

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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 40 of 62
Sector: Manufacturing M&A 12 of 21
Type: Add-on Acquisition M&A Deals 34 of 55
Country: Spain M&A 1 of 1
Year: 2022 M&A 3 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-11 Peterson Tool Company

Nashville, Tennessee, United States

Peterson Tool Company is a supplier of machine-specific custom insert tooling solutions. The product offering includes custom carbide form inserts for high-production turning and grooving applications, primarily within the general engineering and automotive segments. Peterson Tool Company is based in Nashville, Tennessee.

Buy -
FOLLOWING 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 -