Sandvik has announced the acquisition of Spain-based Preziss, an aluminium and composite machining solutions provider. With the acquisition, Sandvik will strengthen its offering toward the lightweight components of the automotive market. The company will fall under Sandvik Coromant, a Sandvik Manufacturing and Machining Solutions division.
Preziss is a full solutions provider for components machining with advanced engineering and application knowledge for lightweight products and production and aftermarket service. The company supplies leading companies in the automotive industry and has a strong presence in Europe and Mexico. Manufacturing with lightweight materials such as aluminium is becoming increasingly important in segments such as automotive and aerospace, especially in the shift towards more sustainable transportation and reduced fuel consumption. wire / Hall 14 / B45