Sandvik AB (publ) (OM:SAND) acquired 95% stake in Pmt Premier Machine Tools Limited on February 1, 2023. PMT Premier Machine generated revenues of approximately SEK 120 million for the year ended 2022. The Pmt Premier Machine Tools Limited will be reported within Seco, a division within Sandvik Manufacturing and Machining Solutions.

Sandvik AB (publ) (OM:SAND) completed the acquisition of 95% stake in Pmt Premier Machine Tools Limited on February 1, 2023. Diarmaid Gavin, Marie Jennings, Mark Barrett, David Rodgers, Georgina Wallace from Ronan Daly Jermyn acted as legal advisor to Pmt Premier Machine Tools Limited in the transaction.