Sandvik has signed an agreement to acquire the
"I am very pleased that we continue to execute on our shift to growth strategy. Strengthening our position within lightweight materials is one of the key priorities within Sandvik Manufacturing and Machining Solutions," says
Preziss has a global reach and sells to leading companies in the automotive industry. The company has a strong presence in
"The acquisition of Preziss is aligned with our strategy to grow in lightweight materials and strengthen our position in the automotive aluminum segment by building a complete product and service offering. We look forward to welcoming Preziss to the Group," says
Preziss was founded in 1971, has 75 employees and is headquartered in Montgat in
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Sandvik is a global high-tech engineering group offering solutions that enhance productivity, profitability and sustainability for the manufacturing, mining and infrastructure industries. We are at the forefront of digitalization and focus on optimizing our customers' processes. Our world-leading offering includes equipment, tools, services and digital solutions for machining, mining, rock excavation, rock processing and advanced materials. In 2021 the Group had approximately 44,000 employees and revenues of about
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