Strategic positioning aligned with industry mega trends
Walter, a division within Sweden-based Sandvik Manufacturing and Machining Solutions, has acquired Portugal-based Frezigest, SGPS (Frezite), a family-owned polycrystalline diamond (PCD) tool manufacturer.
Sandvik is a global high-tech engineering group providing solutions that enhance customer productivity, profitability and sustainability for the manufacturing, mining and infrastructure industries.
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.*NADINE CRAUWELS, PRESIDENT, SANDVIK MACHINING SOLUTIONS, SWEDEN
* From Sandvik’s official press release dated 27 June 2022
Oaklins played a key role in facilitating this deal
Oaklins’ Swedish and Portuguese teams acted as financial advisors to Sandvik and Walter throughout the acquisition process. Since 2018, Oaklins has executed five international transactions on behalf of Sandvik, which demonstrates its seamless execution of cross-border deals.
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