Sandvik Completes The Acquisition Of Chuzhou Yongpu Carbide Tools Co., Ltd

Aug 21, 2021•about 4 years ago

Acquiring Company

Sandvik

Acquired Company

Chuzhou Yongpu Carbide Tools Co.Ltd

StockholmMining

Description

Sandvik has completed the previously announced acquisition of 67% of Chuzhou Yongpu Carbide Tools Co., Ltd, a China based premium solid round tools company, with a call option to buy the remaining part in three years' time.

Company Information

Company

Sandvik

Location

Stockholm, Stockholm County, Sweden

About

Sandvik is a global, high-tech engineering group providing solutions that enhance productivity, profitability and sustainability for the manufacturing, mining and infrastructure industries. We are at the forefront of digitalization and focus on optimizing our customers’ processes. Our world-leading offering includes equipment, tools, services and digital solutions for machining, mining, rock excavation and rock processing.

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