Sandvik Buys Germany's TechnoPartner Samtronic
September 24 2013 - 2:52AM
Dow Jones News
Swedish engineering company Sandvik AB (SAND.SK) said Tuesday it
has acquired German industrial company TechnoPartner Samtronic GmbH
for an undisclosed sum in order to strengthen its position in the
composites segment.
MAIN FACTS:
-TechnoPartner Samtronics, a manufacturer of scattering machines
and double belt presses with around 35 employees, had sales of
around EUR13 million in 2012.
-The acquisition is expected to be completed during 4Q.
-At 0720 GMT, Sandvik shares were up 0.7% at SEK93.25 against a
0.5% rise in the wider Stockholm market.
Write to Gustav Sandstrom at gustav.sandstrom@dowjones.com
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