Sandvik AB (publ) (OM:SAND) signed an agreement to acquire CAMBRIO from Battery Ventures and others on July 1, 2021. The revenues of CAMBRIO $68 million. It is a 100% cash deal.

The transaction is subject to approval of customary regulatory approvals. The transaction is expected to close in second half of 2021. JPMorgan Chase & Co.

(NYSE:JPM) acted as financial advisor to Sandvik AB.