Sandvik Completes Acquisition of Fanar

Sandvik has completed the previously announced acquisition of the Polish company Fabryka Narzędzi FANAR S.A. (Fanar), a manufacturer of round tools.

In 2020, Fanar had revenues of about SEK 175 million. Impact on Sandvik’s earnings per share will be limited.

The company will be reported in Seco, a division within the business area Sandvik Manufacturing and Machining Solutions.

Courtesy of Sandvik.