Sandvik completes acquisition of majority stake in Suzhou Ahno Precision Cutting Tool Technology Co., Ltd.
Acquiring Company
Sandvik Manufacturing Solutions
Acquired Company
Suzhou Ahno Precision Cutting Tool Technology Ltd
Suzhou CityManufacturingMiningManufacturingAutomotiveDescription
Sandvik has successfully completed the acquisition of a majority stake in Suzhou Ahno Precision Cutting Tool Technology Co., Ltd. This acquisition will be reported within the business area segment Sandvik Machining Solutions, and it is expected to have a positive impact on Sandvik's earnings per share.
Quick answer
Sandvik Manufacturing Solutions is acquiring Suzhou Ahno Precision Cutting Tool Technology Ltd, announced July 1, 2024.
- How much did Sandvik Manufacturing Solutions pay for Suzhou Ahno Precision Cutting Tool Technology Ltd?
- The deal value was not disclosed.
- What does Sandvik Manufacturing Solutions do?
- Sandvik is a global, high-tech engineering group providing solutions that enhance productivity, profitability and sustainability for the manufacturing, mining and infrastructure industries.
- Where are Sandvik Manufacturing Solutions and Suzhou Ahno Precision Cutting Tool Technology Ltd based?
- Suzhou Ahno Precision Cutting Tool Technology Ltd is based in Suzhou City, Jiangsu, China.
- Who are the decision-makers at Sandvik Manufacturing Solutions?
- Fundz holds 1 contact at Sandvik Manufacturing Solutions. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Frequently asked
Who acquired Suzhou Ahno Precision Cutting Tool Technology Ltd?
Suzhou Ahno Precision Cutting Tool Technology Ltd was acquired by Sandvik Manufacturing Solutions. The deal was reported on July 1, 2024. Sandvik is a global, high-tech engineering group providing solutions that enhance productivity, profitability and sustainability for the manufacturing, mining and infrastructure industries. Sandvik Manufacturing Solutions is privately held and operates in Manufacturing.
When did Sandvik Manufacturing Solutions acquire Suzhou Ahno Precision Cutting Tool Technology Ltd?
Sandvik Manufacturing Solutions's acquisition of Suzhou Ahno Precision Cutting Tool Technology Ltd was reported on July 1, 2024. Sandvik has successfully completed the acquisition of a majority stake in Suzhou Ahno Precision Cutting Tool Technology Co., Ltd. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Suzhou Ahno Precision Cutting Tool Technology Ltd do?
Suzhou Ahno Precision Cutting Tool Technology Co., Ltd. is a leading company based in China, specializing in precision cutting tools for the fast-growing local premium segment. It is privately held, operating in Manufacturing, and is based in Suzhou City.
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