Sandvik acquires Almü expanding market presence with lightweight aluminium components
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Update time : 2024-04-11 17:35:14
Sandvik has inked a deal to acquire Almü Präzisions-Werkzeug GmbH (Almü), a renowned cutting tool and solution provider for aluminium machining in Germany. This acquisition highlights Sandvik's commitment to catering to the increasing demand for lightweight aluminium components, particularly in the automotive sector, as the transition towards electric vehicles continues.
The acquisition of Almü is a testament to Sandvik's dedication to enhancing its position in lightweight materials. With a focus on high-precision drilling, reaming, milling, and tooling systems, Almü aligns perfectly with Sandvik's vision to offer innovative solutions for lightweight components, especially in the automotive industry.
