The 2020 Mid-Year Economic Update_long

Sandvik Completes Acquisition of Metrologic Group

Metrology software company is now part of Sandvik Machining Solutions.

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).

 

About the Author
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

By subscribing, you are agreeing to MDM’s Privacy Policy.
Social Media Auto Publish Powered By : XYZScripts.com