M&A Deal Summary

Sandvik Acquires Peterson Tool Company

On May 11, 2022, Sandvik acquired manufacturer Peterson Tool Company

Acquisition Highlights
  • This is Sandvik’s 11th transaction in the Manufacturing sector.
  • This is Sandvik’s 19th transaction in the United States.
  • This is Sandvik’s 1st transaction in Tennessee.

M&A Deal Summary
Date 2022-05-11
Target Peterson Tool Company
Sector Manufacturing
Buyer(s) Sandvik
Deal Type Add-on Acquisition

Target

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.

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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 39 of 55
Sector (Manufacturing) 11 of 20
Type (Add-on Acquisition) 33 of 49
State (Tennessee) 1 of 1
Country (United States) 19 of 23
Year (2022) 2 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-09 SP Mining

Australia

SP Mining is a global provider of high-capacity screening solutions, highly complementary to Sandvik's offering, and with a strong aftermarket business which includes application support, screen refurbishment, product engineering design and manufacturing and digital support services. Main R&D and production sites are located in Australia, with additional production units in South Africa, Brazil and China.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-20 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.

Buy -
Mergr

Product

Company

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