Sandvik Acquisition To Strengthen Position In Sensorised Tools Market
Sandvik has signed an agreement to acquire pro-micron GmbH, a German-based supplier of sensorised tools and automation software. Sensorised tools is a high-growth market, with strong underlying drivers such as the accelerated shift to automated production, increasing demand of production data from customers and closed loop manufacturing driving the need for digitalization.
Pro-micron’s state-of-the-art sensorised tools offering for diagnostics and process monitoring help reduce production errors and increase automation for customers within areas like solid round tools machining. With spike technology, pro-micron offers its customers a path towards autonomous machining.
Smart sensors with sensitive, unique signals, as well as advanced software tools track, synchronise and edit process and machine data, enabling customers not only to analyse and to monitor serial production but also to predict quality results in real time using AI algorithms.
pro-micron’s long-standing relationships with machine tool builders will help strengthen and expand Sandvik partnerships with these customers. The company will be reported in Sandvik Coromant, a division within Sandvik Manufacturing and Machining Solutions.
“The acquisition of pro-micron fits very well with our strategic focus to grow within key high-growth industry segments, in this case the area of sensorised tools and automation,” says Stefan Widing, President and CEO of Sandvik.
Pro-micron, founded in 2002 has around 56 employees and is headquartered in Kaufbeuren, Bavaria, Germany. In 2022, the company generated revenues of about SEK 88 million ($8.8 million).
For more information: www.sandvik.com
