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Sandvik acquired U.S.-based DWFritz Automation, a leading global provider of precision metrology, inspection- and assembly solutions for advanced manufacturing. DWFritz Automation designs, builds and supports engineer-to-order high-speed, non-contact metrology solutions and automation systems.
With DWFritz Automation, Sandvik would expand its current metrology offering and take a leading position in inline metrology, including a broader position in high-speed, high-volume, non-contact inspection and assembly automation.
In 2020, the company had revenues of approximately SEK 720 million (~USD $78 million) and an EBIT margin slightly dilutive to Sandvik Manufacturing and Machining Solutions. Impact on Sandvik’s earnings per share will initially be neutral.
The company will be reported in the Metrology division, within business area Sandvik Manufacturing and Machining Solutions.
“This is in line with our strategic focus to grow organically and through acquisitions in the advanced manufacturing space, with special focus on industrial software, industrial metrology and additive manufacturing solutions,” says Stefan Widing, President and CEO of Sandvik.
Source: DWFritz
