Sandvik has acquired 95% of the shares of Eire-based PMT Premier Machine Instruments Restricted (“PMT”). A well-established options supplier with a full vary of machines, tools and providers for medical clients in Eire. The corporate shall be reported in Seko, in Sandvik manufacturing and machining options.
“The acquisition of PMT matches properly with our technique to strengthen our place within the quickly rising medical house. Along with PMT, Sandvik can supply full machining options for the medical section,” stated Stefan Wieding, CEO and President of Sandvik.
PMT By its robust partnerships, it has the flexibility to ship personalized machining options and providers to its clients. Our broad portfolio of providers and experience features a full machining course of in medical; From design to certification, increasing Seco’s providing from merchandise to finish options and providers.
“PMT supplies extra capabilities for Sandvik to develop within the medical section, bringing robust relationships with main medical implant producers. We will construct on PMT’s medical equipment experience and broaden into choose markets with Seko’s medical gross sales and software consultants. Nadine Crawwells, President of Sandvik Machining Options, stated: “We’re very glad to obtain the workforce,” he stated.
PMT It was based in 2000 and has 14 workers. By 2022, the corporate has recorded revenues of roughly SEK 120 million. The EBITA margin is impartial for Sandvik Manufacturing and Machining Options. The impression on Sandvik’s earnings shall be impartial. The events agree to not disclose the acquisition worth.
Stockholm, 1 February 2023
Sandvik AB
For extra data, contact Louise Tjeder, Investor Relations, Tel: +46 79 060 87 17 or Johannes Hellström, Press and Media Relations Supervisor, Tel: +46 70 577 0549.
Sandvik acquires PMT Premier Machine Instruments Restricted (PDF).
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