Expansion through an excellent strategic fit
Dormer Pramet, a division of Sandvik Machining Solutions, has acquired Wetmore Tool & Engineering, a US-based manufacturer specialized in round tools for the aerospace industry. Oaklins’ teams in Sweden and Cleveland advised on this transaction.
This acquisition expands Dormer Pramet’s range of round tools and facilitates an improved position in key aerospace markets.
We are delighted and proud to have reached an agreement with Wetmore Tool & Engineering and make them part of the Dormer Pramet family. With their local presence, industry expertise and experience in executing cross-border transactions, Oaklins were pivotal for us in successfully securing this deal.FILIPPO MAURI BUSINESS CONTROLLER, DORMER PRAMET, SWEDEN
Oaklins approach delivers extraordinary value
Oaklins’ teams in Sweden and Cleveland acted as the exclusive financial advisors to Dormer Pramet and its owner Sandvik Machining Solutions in the acquisition of Wetmore Tool & Engineering. Through seamless collaboration, Oaklins’ teams managed the dialogue with the seller, coordinated the central stakeholders involved within Dormer Pramet and Sandvik, and acted as lead in negotiating and executing the transaction.
This transaction further demonstrates Oaklins’ ability to leverage its global presence and industry specialization in supporting the delivery on strategic agendas of leading international groups such as Sandvik.ADEL KOUBAA, MANAGING PARTNER OAKLINS, SWEDEN