Sandvik said it has completed the previously announced acquisition of a majority stake (72.4%) in China-based Suzhou Ahno Precision Cutting Tool Technology from Ningbo Baosi Energy Equipment and related parties. The company will be reported within the Sandvik Machining Solutions segment. Founded in 2002, Ahno has a leading position in precision cutting tools in the fast-growing local premium segment, with…
Read MoreSandvik finalizes Ahno takeover
