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Sandvik Closes Acquisition of Chinese Tool Supplier OSK
Monday 15 April 2019

15 April 2019 - Swedish industrial group Sandvik has completed the acquisition of Chinese solid carbide round tools supplier OSK, the group said.

This deal was announced last November. Terms were not disclosed.

OSK will be part of the Seco division in Sandvik Machining Solutions.

In 2017 OSK had revenues of about 120 m SEK and 90 employees. The deal is accretive to earnings per share from the start, Sandvik said.
Date Published: 15/04/2019
Target: OSK
Country: China
Sector: Machinery/Engineering
Type: Corporate acquisition
Status: Closed
Buyer: Sandvik
Terms of the deal were not disclosed