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.
Nadine Crauwels
President, Sandvik Machining Solutions
Talk to the deal team
Related deals
East Metal has been acquired by management and private investors
The Latvia-based metalworking company East Metal has been acquired from its former Danish owner, East Metal Holding, through a management buy-out (MBO) by a group of private investors, the current owners of Valpro, in partnership with the local management team. Financing for the transaction was provided by Signet Bank.
Learn moreQuantum Base Holdings plc has completed its official admission to AIM
Quantum Base began trading on the London Stock Exchange’s AIM market under the ticker QUBE following a US$6.4 million (£4.8 million) fundraising round. The company develops Q-ID tags, a quantum-based authentication technology designed to prevent counterfeiting by leveraging atomic-level randomness. Proceeds from the listing will fund product development and commercial expansion, including new operational and commercial hires.
Learn moreSunlight Group has acquired a 51% stake in Lehmann Marine GmbH
Through its acquisition of a 51% stake in Lehmann Marine GmbH, Sunlight Group continues to strengthen its position in the growing energy solutions market, while expanding its portfolio of innovative technologies. With over 30 years of expertise in producing lead-acid and lithium-ion batteries, Sunlight Group has established itself as a leader in advanced battery technology.
Learn more