Sandvik Acquires U.S., German Manufacturers - Modern Distribution Management

Log In

Sandvik Acquires U.S., German Manufacturers

The company also announced new executive appointments.

Sandvik, Stockholm, Sweden, has announced acquisitions in the U.S. and Germany.

The company has agreed to acquire the remaining 51 percent share in Precorp Inc., based in Spanish Fork, UT; Sandvik has been the minority share owner since 2008. Precorp manufacutures polycrystalline diamond and carbide tools including drills, reamers, end mills, port tools and micro tools. It serves customers worldwide, primarily within the aerospace and automotive segments. The company had 2012 sales of SEK 230 million (US$35.8 million).

Sandvik Venture has acquired the German company TechnoPartner Samtronic GmbH, a manufacturer of scattering machines and double belt presses. TPS, which had 2012 sales of €13 million (US$17.6 million), specializes in reinforced Teflon belt-based double belt press machines. The acquisition strengthens Sandvik's position in the composites segment.

Sandvik also announced new executive appointments.

Mats Backman has been appointed executive vice president and CFO of Sandvik and member of the company's group executive management. Prior to this appointment, he was vice president of finance, IT and business development for Sandvik’s machining solutions business area.

Dinggui Gao has been appointed president of Sandvik’s construction business area and a member of the group executive management. The business area specializes in equipment, tools and service for niche applications in the construction industries. 

Share this article

About the Author
Recommended Reading
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.

Get the MDM Update Newsletter

Wholesale distribution news and trends delivered right to your inbox.

Sign-up for our free newsletter and get:

  • Up-to-date news in a quick-to-read format
  • Free access to webcasts, podcasts and live events
  • Exclusive whitepapers, research and reports
  • And more!


articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events



You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.

Learn More about Custom Reports

Request a Market Prospector Demo

  • This field is for validation purposes and should be left unchanged.