Sandvik has signed an agreement to acquire the Polish company
"We continue to execute on our growth strategy and this acquisition is an additional step to strenghten our round tools offering" says
The acquisition enhances Seco's product offering in taps and solid threading applications and improves the presence in
"I am very pleased that we have reached an agreement to acquire Fanar, it will enhance our presence in the important Polish market and strengthen our exposure to our focused segments" says
Fanar was established in 1966, is headquartered outside
The transaction is expected to close during the fourth quarter of 2021 and is subject to relevant regulatory approvals.
For further information, contact
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