Sandvik completes takeover of pro-micron

Sandvik has completed its acquisition of German-based pro-micron, a supplier of sensorised tools and automation software. 

pro-micron’s offering for diagnostics and process monitoring help reduce production errors and increase automation for customers within areas like solid round tools machining. The company will be reported in Sandvik Coromant, a division within Sandvik Manufacturing and Machining Solutions.

Founded in 2002, pro-micron has around 56 employees and is headquartered in Kaufbeuren, Bavaria, Germany. In 2022, the company generated revenues of about SEK 88 million (US$8.3 million). 

No financial details were released but Sandvik said the impact of the transaction on its EBITA margin and earnings per share will be limited.

Source: Sandvik

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