September 06, 2008

Sandvik acquires UK medical technology company Eurocut

It is reported that Sandvik has acquired UK based Eurocut Ltd, which manufactures medical instruments and implants for the orthopedic sector The acquisition further strengthens Sandvik’s position in the rapidly expanding medical technology segment.

Its annual sales amount to about SEK 60 million and the company has 60 employees. Operations are based in Sheffield, in the UK.

Mr Peter Gossas president of Sandvik Materials Technology said that “The acquisition is in line with our long term ambition to be a strategic partner within the area and a complete supplier to globally leading medical technology companies. The addition of Eurocut Ltd broadens our product program, expands our capacity and strengthens our expertise within machining and production of medical instruments and implants.”