.
MergerLinks Header Logo

Announced

Completed

Sandvik completed the acquisition of Miranda Tools' manufacturing business.

Financials

Edit Data
Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Cross Border

Private

Single Bidder

steel

Majority

carbide round tools

Friendly

Diversified Industrials

Acquisition

India

Completed

Synopsis

Edit

Sandvik, an engineering company, and its division Dormer Pramet, a manufacturer of tools, completed the acquisition of the manufacturing business of Miranda Tools, a manufacturer and supplier of industrial products, from Ashok Piramal Group, a conglomerate with a presence in diverse business sectors, from textiles to real estate and engineering. Financial terms were not disclosed. "The acquisition is aligned with Sandvik Machining Solutions' focus on strengthening our round tools offer whilst also adding greater production capacity and flexibility to support long-term growth," Lars Bergström, Sandvik Machining Solutions President.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US