Sandvik completes the acquisition of pro-micron GmbH

Published
February 09, 2024 - 07:30am
Spike analysis

Sandvik has completed the previously announced acquisition of pro-micron GmbH, a German-based supplier of sensorised tools and automation software.

The company will be reported in Sandvik Coromant, a division within Sandvik Manufacturing and Machining Solutions.

Pro-micron, founded in 2002 has around 56 employees and is headquartered in Kaufbeuren, Bavaria, Germany. In 2022, the company generated revenues of about SEK 88 million ($8.4 million). The impact on Sandvik’s EBITA margin and earnings per share will be limited, the company said.

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