Sandvik AB (publ) (OM:SAND) signed an agreement to acquire Herramientas Preziss Sl on May 20, 2022. Preziss had revenues of approximately €10 Million in 2021. The transaction is expected to close during the third quarter of 2022 and is subject to customary closing conditions. Ernst & Young Corporate Finance AB acted as financial advisor and due diligence provider to Sandvik AB.