Sandvik Completes Acquisition of GWS Tool Group

Stockholm, Sweden – Sandvik has completed the previously announced acquisition of 100 percent equity interests in the US-based company GWS Tool Intermediate Holdings LLC from its beneficial owners, L Squared Capital Partners and GWS management. GWS is a well-established and rapidly expanding provider of made-to-order round tools, with a strong focus on the general engineering and aerospace segments.

On a pro forma basis, the company expects revenues of approximately SEK 875 million in 2021. Sandvik’s EBITA margin and earnings per share will initially be neutral. The company will be reported to Walter, a division within the business area Sandvik Manufacturing and Machining Solutions.

Image Source: Magic Wand Media

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