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Sandvik, Stockholm, Sweden, completed its previously announced acquisition of French metrology software company Metrologic Group from Astorg Partners. As of July 4, 2018, Metrologic Group will be reported as part of the Sandvik Machining Solutions business.
Sandvik paid EUR 360 million (US$421 million), on a cash and debt-free basis, for the business. In fiscal year 2017, Metrologic Group generated revenues of EUR 43.3 million (US$50.7 million).