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.