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Announced

Sandvik to acquire Frezite.

Financials

Transaction Value

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Consideration Type

Cash

Capital Owned

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Capital bid for

100%

EV/Sales

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EV/EBITDA

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Transaction Tags

polycrystalline diamond tools

Single Bidder

Acquisition

Portugal

Machinery: Industrial

Friendly

industrial machinery

Cross Border

Pending

industrial manufacturing

Majority

Private

Synopsis

Sandvik, a Swedish multinational engineering company, agreed to acquire Frezite, a provider of polycrystalline diamond tools for metal and wood applications. Financial terms were not disclosed. "With the acquisition of Frezite, we take another important step in our shift to growth strategy. We have a clear ambition for our machining solutions business to increase our presence and strengthen our expertise in PCD tooling for lightweight materials," Stefan Widing, Sandvik CEO and President.

Sources

Press Release

Sandvik

Financials

Transaction Value

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Consideration Type

Cash

Capital Owned

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Capital bid for

100%

EV/Sales

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EV/EBITDA

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Share Price Premium

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