Sandvik formally completes majority stake acquisition in Suzhou Arnold

The other day，Sandvik has officially completed the inspection of China's leading enterprise, Suzhou Arnold Precision Cutting Technology Co., Ltd.(Hereinafter referred to as Arnold)Acquisition of a majority interest。Now，Sandvik's stake in Arnold has reached 72 percent.4%（Original shareholding 12.4%）。The company will be part of the Sandvik Processing Solutions business area（Sandvik Machining Solutions，Short nameSMS)。

High-end brands of metal cutting tools in China

Arno was founded in 2002.，There are about 1200 employees.，Headquartered in Suzhou，It is a high-tech enterprise specializing in the overall solution of precision cutting technology.。

In recent years，Rapid Growth of China's High-end Manufacturing Market，Arno is a leader in precision cutting tools.，Provide design and development of high-quality precision metal cutting tools、Manufacture、Grinding and technical support and other one-stop services。Arnold's products have been widely used in the automotive industry.、Mold manufacturing、Construction machinery、Power generation equipment、Precision machinery、Medical industry and other fields。2023，Arno's sales are about 8.1.2 billion yuan，Mainly from the Chinese market。

Through this acquisition，Sandvik Machining Solutions will further consolidate its leading position in the field of tools.。

Continue to cultivate China's cutting tool market

Stefan Widing

Sandvik President and Chief Executive Officer

“For Sandvik，China is a market of strategic importance.，This acquisition will strengthen our position in the Chinese cutting tool market.。ARNOL's strong product portfolio and close ties with customers，It will be an important force to promote the further growth of our tool business in China.。Most of Arno's products are focused on fast-growing areas such as electric Vehicles.，This makes Arno a perfect fit for our growth strategy.。”

Nadine Crauwels

President, Sandvik Processing Solutions

“This acquisition is in line with our strategic objectives in China.，And help us take a leading position in the local high-end manufacturing market.。In addition，The addition of Arnold，It also enhances Sandvik's local tool production capacity in China.，It is a powerful complement to our overall tool market layout.。”

SANDVIK!

Sandvik is very optimistic about the development prospects of China's cutting tool market.，As Arnold officially joined the Sandvik family,，Sandvik processing solutions will be based on Arno，Set up a new department in China。Sandvik's international tool brand will also continue to operate and cultivate in the Chinese market.。Arnold's strong market position，Combines Sandvik's leading capabilities and international brand influence，It will inject new impetus into the long-term development of Sandvik in the Chinese market.。

Previous: Hangzhou Fork Group | Governor Wang Hao Investigates Hangzhou Fork Group's Work of Scientific and Technological Innovation and Development of New Quality Productivity

Next: Release is sought after! Zoomlion Saudi New Product Release Contract Exceeds 230 Million yuan