Sandvik AB (publ) (OM:SAND) agreed to acquire Frezigest SGPS S.A. on June 27, 2022. The company will be reported within Walter, a division within Sandvik Manufacturing and Machining Solutions. In 2021, Frezigest generated revenues of approximately SEK 450 million and is expected to grow at a mid-single digit organic growth rate in the medium term. The EBITA margin is slightly dilutive to Sandvik Manufacturing and Machining Solutions. The transaction is subject to customary closing conditions and is expected to close during the third quarter of 2022.