Sandvik to Acquire Majority Stake in China-based Precision Cutting Tools Manufacturer Suzhou Ahno

STOCKHOLM, Sweden, Apr 24, 2024 – Sandvik has signed an agreement to acquire a majority stake in the leading China-based company Suzhou Ahno Precision Cutting Tool Technology Co., Ltd. (Ahno) from the current majority owner, Ningbo Baosi Energy Equipment Co., Ltd and related parties. The company will be reported within the business area segment Sandvik Machining […]