Deal Snapshot
Sandvik to Acquire US Round Tools Manufacturer GWS Tool Group
Wednesday 24 November 2021

Sweden-based engineering company Sandvik (OTC: SDVKY) has signed an agreement to acquire 100% of the equity interests of the US based round tool company GWS Tool Intermediate Holdings LLC from its beneficial owners, L Squared Capital Partners and GWS management, the company said.

GWS is an established provider of made-to-order round tools with a large exposure to the general engineering and aerospace segments. The company will be reported in Walter, a division within the business area Sandvik Manufacturing and Machining Solutions. GWS primarily sells made-to-order products, such as polycrystalline diamond tools and taps, which are complementary to Walter's standard product offering.

Date Published: 24/11/2021