Sandvik has acquired 95% of the shares in the Irish based company
"The acquisition of PMT fits well with our strategy to strengthen our position in the fast-growing area of medical. Together with PMT, Sandvik will be able to offer complete machining solutions to the medical segment", says
PMT has through its strong partnerships the ability to deliver tailored machining solutions and services to its customers. The broad portfolio of services and know-how encompass the full machining process in medical, from design to verification, expanding Seco's offer from products to full solutions and services.
"PMT provides additional capabilities for Sandvik to grow within the medical segment, bringing strong relationships with key manufacturers of medical implants. We can build on PMT's medical machining know-how and, together with Seco's medical sales and application experts, expand into selected markets. We are very pleased to welcome PMT to the Group," says
PMT was founded in 2000 and has 14 employees. In 2022, the company generated revenues of approximately
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Sandvik is a global, high-tech engineering group providing solutions that enhance productivity, profitability and sustainability for the manufacturing, mining and infrastructure industries. We are at the forefront of digitalization and focus on optimizing our customers' processes. Our world-leading offering includes equipment, tools, services and digital solutions for machining, mining, rock excavation and rock processing. In 2022 the Group had approximately 40,000 employees and revenues of about
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