Notice of Acquisition of a Major Nordic Engineering Manufacturer Subsidiary
March 19, 2020
Metal Technology Company Co. Ltd.
Notice of Acquisition of a Major Nordic Engineering Manufacturer Subsidiary
On March 3, 2020, we signed a share transfer agreement to acquire all the shares of Sandvik Powder Solutions AB (SPS), a subsidiary of Sandvik Group, a leading Swedish engineering company, in order to further expand our overseas business and improve our Near-Net-Shape technologies. The acquisition is scheduled to be completed by the end of April
Notes
1. About SPS
SPS is a powdered metallurgy solutions company that designs, manufactures, and sells Near-Net-Shape products mainly used in the oil and gas industries. SPS has a strong customer base worldwide, including in the U.S. and Europe, as well as a high level of technological capabilities that extend from design to the completion of products.
| Company Name | Sandvik Powder Solutions AB |
|---|---|
| Location | Box 54, SE-735 21 Surahammar, Sweden |
| Capital | 720,000 Swedish krona |
| Business | Manufacture and sale of powdered metallurgy products |
| Sales | 78.5M Swedish krona (FY12/18) |
| Number of employees | 32 |
2. Purpose of acquisition
We provide integrated metal processing services centered on metallurgy technologies, primarily in heat treatment and HIP treatment. In 2010, we established a subsidiary in China to build business relationships with customers in Asia. By acquiring SPS, we aim to expand business opportunities in Europe, Japan, and China, and to enter the Oil & Gas industry, where we excel.
3. Inquiries
Head office Sales Division
Telephone Number: +81-3-5365-3035
E-mail Address: sales@kinzoku.co.jp
