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Industrial Machinery & Components

Sandvik has acquired Portugal-based Frezite

Walter, a division of Sandvik Manufacturing and Machining Solutions, has acquired Portugal-based Frezite, a family-owned polycrystalline diamond (PCD) tool manufacturer.

Sandvik is a global high-tech engineering group offering solutions that enhance customer productivity, profitability and sustainability for the manufacturing, mining and infrastructure industries. Sandvik is at the forefront of digitalization with a focus on optimizing customers’ processes, as well as having a world-leading offering, including equipment, tools, services and digital solutions for machining, mining, rock excavation, rock processing and advanced materials. In 2021, the group had approximately 44,000 employees and revenues of over US$9 billion in about 150 countries.

Founded in 1978, Frezite primarily offers made-to-order PCD tools for metal and wood applications, predominantly serving customers in the automotive, general engineering and aerospace segments. The company is headquartered in Trofa, Portugal, and is present in Europe, Mexico and Brazil. Frezite has approximately 450 employees and generated revenues of approximately US$45.5 million in 2021.

Oaklins’ Swedish and Portuguese teams acted as financial advisors to Sandvik and Walter throughout the acquisition process.

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“Frezite provides complementary production capabilities and competence and reinforces our position in the electric and hybrid automotive market. With its solid position within custom PCD tools and competence within interesting adjacent fields, we are very pleased to welcome Frezite to the Group. (From Sandvik’s official press release dated 27 June 2022)”

Nadine Crauwels

President, Sandvik Machining Solutions

Talk to the deal team

 Nikolaos  Karabelas

Nikolaos Karabelas

Partner
Stockholm, Sweden
Oaklins Sweden
 João  Beirôco

João Beirôco

Managing Partner
Lisbon, Portugal
Oaklins Monsanto
 Mariana  Gomes

Mariana Gomes

Senior Associate
Lisbon, Portugal
Oaklins Monsanto
 Christos  Karabelas

Christos Karabelas

Associate
Stockholm, Sweden
Oaklins Sweden

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