Sandvik Completes Acquisition of Peterson Tool Company

Sandvik has completed the previously announced acquisition of the assets of US based company Peterson Tool Company, Inc., (PTC) a leading supplier of machine-specific custom insert tooling solutions.

The product offering includes custom carbide form inserts for high-production turning and grooving applications, primarily within the general engineering and automotive segments.

The company will be reported in the GWS Tool business unit in Walter, a division within the business area Sandvik Manufacturing and Machining Solutions.

In 2021 the company had revenues of 9 million USD and an EBITA margin neutral to Sandvik Manufacturing and Machining Solutions. Impact on Sandvik's earnings per share will be limited, yet slightly positive.