Sandvik Coromant strengthens its offering in Digital Manufacturing by the acquisition of the German company Prometec GmbH, based in Aachen.
Prometec is a leading supplier of advanced solutions for monitoring and control of machining processes in production machines. The company also supplies equipment for laser beam diagnostics and primarily operates in the European and North American market. A large part of the customer base comes from the global automotive industry.
Prometec has 35 employees and had in the fiscal year 2014/2015 sales of approximately 48 MSEK. The acquisition includes all shares in Prometec GmbH. Prometec will be integrated with Sandvik Coromant, a Product Area within Sandvik Machining Solutions. The acquisition of Prometec is a step forward in Sandvik Machining Solutions’ focus on digital solutions and to further drive the development of digital offerings to customers and add value to the customers' value chain.
New Managing Director for Prometec GmbH is Dr. Klaus Christoffel, previously Manager Product Management Design for Sandvik Coromant in Germany:
"The acquisition is a natural step in line with the Sandvik Coromant long-term strategy to develop attractive solutions in the field of digital manufacturing, also called Industry 4.0. In this area, we want to offer our customers monitoring solutions that support both, the planning and the control of production. Sandvik Coromant already has a product offering within Digital Manufacturing and by the acquisition of Prometec, we can offer our customers new opportunities for providing solutions across the value chain.”
“The acquisition of Prometec has great importance for several reasons: Prometec adds an important skill set in the field of digital manufacturing and, together with Sandvik Coromant, opens new business opportunities for an expansion in this area," says Klas Forsström, President of Sandvik Coromant.
“This acquisition will constitute a solid base for continued growth, from which also our customers worldwide will benefit. Thus, Prometec secures a further competitive advantage,” says Dr. Werner Kluft, founder and previous sole shareholder of Prometec GmbH.
Part of global industrial engineering group Sandvik, Sandvik Coromant is at the forefront of manufacturing tools, machining solutions and knowledge that drive industry standards and innovations demanded by the metalworking industry now and into the next industrial era. Educational support, extensive RD investment and strong customer partnerships ensure the development of machining technologies that change, lead and drive the future of manufacturing. Sandvik Coromant owns over 3100 patents worldwide, employs over 8,000 staff, and is represented in 130 countries. For more information visit www.sandvik.coromant.com or join the conversation on social media.
Prometec was founded in 1984 and is active in the development, production and worldwide sales of systems for tool monitoring, machine monitoring, tool condition monitoring and process analysis as well as systems for the monitoring of spindle unbalance, grinding and dressing with the required sensors, and also laser beam diagnostics and weld monitoring. Prometec has founded subsidiaries in America, Asia, West and East Europe and cooperates with global sales partners.
Contact details Sandvik Coromant
Contact: Johan E. Persson
Tel: +46 706 160 544
Contact: Dr. Klaus Christoffel, Sandvik Tooling Deutschland GmbH
Contact details Prometec GmbH
Tel: +49 (0)241 166 0911
Contact: Steffen Sander
Tel: +44 (0) 208 429 6554
Sandvik Coromant, 1702 Nevins Road, Fair Lawn, New Jersey, New Jersey 07410-0428 United States