Sandvik announces two acquisitions! Continuously strengthen the strategic position in the manufacturing and processing field

Hello ，Xiao Ke came to share the good news again.，Welcome two great companies to Sandvik！

August，Xiao Ke conducted a guessing contest when he released the news of the acquisition.，Let everyone predict“What area of good companies will Sandvik be the first to acquire?？”At that time，A friend left a message about manufacturing software design companies.，Congratulations to everyone on a dream come true.！This time，Sandvik will not only be a supplier of powerful tooth-scraping softwareescoUnder his command，Also announced the acquisition of tungsten metal powder and tungsten carbide manufacturerBuffalo Tungsten。Let's find out the details.！

Acquisition of power cutting software supplieresco

Lately，Sandvik has officially completed a software supplier for Power Scraping.escoThe acquisition of。

escoIt was founded in 1993，Headquartered in Aachen, Germany，Its software solutions are primarily used to support design in the area of gear manufacturing、Production and quality inspection, etc.。The company will be owned by Sandvik Coromant, part of Sandvik Manufacturing and Processing Solutions.。

Power scraping is an important technology in the field of gear machining.。At present，Power scraping is a high-growth high-end niche.，Strong growth potential，For example, the increasing electrification of the automotive industry。This shift is changing the manufacturing requirements of the gear market，Compared with the traditional processing method，Powerful scraping teeth for increased productivity and flexibility，And that production period can be shorten.。

President and CEO, Sandvik CorporationStefan WidingExpress: “Acquisition esco Very much in line with our strategic plan，That is, development in key high-growth industries，The gear processing field of electric Vehicles is one of them.。“

Announces Acquisition of Tungsten ManufacturerBuffalo Tungsten

The other day，Sandvik has signed an acquisition.Buffalo Tungsten, Inc. (BTI)The agreement。Buffalo TungstenIs a leading manufacturer of tungsten metal powder and tungsten carbide.，Operating primarily in North America。The company will be owned by Sandvik Processing Solutions.(SMS)。

Acquisition BTIAfter that，Sandvik will further expand its market share in North America.，It also strengthens its ability to cover the value chain of parts manufacturing.。By optimizing material sourcing and increasing the percentage of locally produced tungsten metal powder，BTIAt the plant in Depew, New York.，Strong potential for synergy。It will also be for Sandvik Australia. WolframTungsten powder plant related products to provide a powerful complement.。

Stefan Widing Sandvik President and Chief Executive Officer

“Acquisition BTI，Let us take an important step in strengthening our strategic position in the North American market.。BTI Will increase our regional capacity to produce tungsten powder locally in the United States，It will also enhance our competitiveness.。”

Nadine Crauwels President, Sandvik Processing Solutions

“Through acquisition BTI，We will be able to better meet customer needs，This will bring great opportunities for our development in North America.。The company's clean hydropower contract with the Niagara Power Generation Project，It will also enable us to produce tungsten in a more sustainable way.。”

Buffalo TungstenIt was founded in 1987，48 employees，Headquartered in Depew, New York。2022，The company created about 3..Revenue of SEK 3.3 billion。This is Sandvik EBITA The impact on margins will be relatively limited.，But it is better for earnings per share.。The acquisition is expected to close in the fourth quarter of 2023.。

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