TRANSACTION

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February 2016

Prometec Becomes Part of Sandvik Coromant

February 1, 2016. Sandvik Coromant acquires all shares in Prometec GmbH (Aachen) to strengthen its offerings in the field of digital manufacturing. Androschin & Partner (A&P) facilitated the transaction and advised Dr. Werner Kluft on the sale to Sandvik Coromant.

INVESTOR

Sandvik Coromant (Sandvik AB)

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TARGET

Prometec GmbH

Headquarters
Aachen (Germany)
Employees
~35
Seller
Dr. Werner Kluft (Gründer und bisheriger Alleingesellschafter)
Transaction
Acquisition of all shares

ABOUT THE COMPANY

Prometec GmbH

Prometec provides solutions for monitoring and controlling machining processes, as well as equipment for laser beam diagnostics; it has 35 employees, and its customers are primarily from the global automotive industry.

ABOUT THE INVESTOR

Sandvik Coromant (Sandvik AB)

Sandvik Coromant is the world's leading supplier of tools and machining solutions and is part of the Sandvik Group.

OUR ROLE

Notice to Seller

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