Wirenet Image Band
wirenet.org mobile image band

Wire Journal News

Sandvik acquires Swiss manufacturer

11/2/21 – Sweden’s Sandvik has acquired Swiss-based company Accuratech Group, a manufacturer of niched medical wire forming and components.

Accuratech includes the operations of Polyfill, which per its website makes a wide range of specialty products. Those include wires used in nano- and micro-technologies as well as in applications in the medical field; round bare wires from 0.8 mm to 0.007 mm; flat wires and ribbons used for multiple applications; electroplated wire (gold, nickel, platinum, silver and zinc); and insulated wires, from simple copper wire to multi-coated biocompatible wire or special alloys. A second company, Galvarex, provides electroplating treatments for products, including wire, for demanding industries such as medical, automotive, micro tech and electronic.

A press release said that the acquired businesses will be reported in Kanthal, a division of Sandvik Materials Technology. “I am pleased that we are continuing to execute on our shift to growth strategy,” said Sandvik President and CEO Stefan Widing. “This acquisition is an important step for Sandvik Materials Technology in the preparations to become a separately listed company. With its increased focus on areas with high growth and strong earnings potential, Sandvik Materials Technology is strengthening their position for the future.”



Read 316 times Last modified on November 1, 2021