Sandvik to acquire German aluminum machining solutions provider Almü

Sweden’s Sandvik has signed an agreement to acquire Almü Präzisions-Werkzeug GmbH, a German cutting tools and solutions provider within high-precision drilling, reaming, milling and tooling systems.

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With the acquisition of Almü, Sandvik will strengthen its offering towards lightweight components in the automotive segment, an area which is increasing in importance due to the shift towards electric vehicles. The company will be reported in Sandvik Coromant, a division within Sandvik Manufacturing and Machining Solutions.

“Strengthening our position within lightweight materials is one of the key priorities within Sandvik. We have had good progress and made several acquisitions in this area over the past two years, and I am very pleased that we through the acquisition of Almü continue to execute on our strategy,” says Stefan Widing, president and CEO of Sandvik.

Headquartered in Zell unter Aichelberg, Almü has a strong market position within the DACH region (Germany, Austria and Switzerland) and a solid customer base in the automotive segment. Utilizing its advanced engineering competence and application knowledge for aluminum and lightweight material, Almü provides tailor-made precision tool solutions and services to the machining industry.