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Sandvik acquires TechnoPartner Samtronic GmbH

Sandvik Venture has acquired the German company TechnoPartner Samtronic GmbH,
(TPS), a manufacturer of scattering machines and double belt presses. The
company’s core capabilities are reinforced Teflon belt-based double belt press
machines. TPS offer consists of new equipment, feed/scattering units and service
and spare parts. The acquisition further strengthens Sandvik’s position in the
composites segment. In turn, this will strengthen Sandvik’s total customer
offering and growth possibilities.
 
In 2012, TPS had sales of approximately 13 Million EUR, with about 35 employees.
The head office and manufacturing facilities is based in Göppingen, Germany.
 
“The acquisition is in line with Sandvik’s long-term strategy for profitable
growth. Through the acquisition, we intend to further develop and strengthen the
global business for these products in the composites segment,” says Tomas
Nordahl, President of Sandvik Venture.
 
The acquisition is expected to be completed during the fourth quarter 2013.
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