Sandvik to Acquire Switzerland-based Sphinx Tools

STOCKHOLM, Sweden, Aug 9, 2022 – Sandvik has signed and completed an agreement to acquire 100% of the equity interests in the Switzerland-based Sphinx Tools Ltd and its wholly owned subsidiary P. Rieger Werkzeugfabrik AG (“Sphinx Tools”). Sphinx Tools’ offering primarily consists of precision solid round tools (micro tools) and surgical cutting tools. The customers […]