Sandvik acquires workholding fixtures specialist PDQ
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SANDVIK AB S/ADR (SDVKY)
NASDAQ:AMEX Investor Relations:
home.sandvik/en/investors/share-price-monitor/adr-program
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Source: PR Newswire
STOCKHOLM, June 4, 2024 /PRNewswire/ -- Sandvik has acquired PDQ Workholding LLC (PDQ), a leading US-based company specializing in custom workholding fixtures and tooling for various industries, including segments like aerospace, automotive and energy. PDQ will be reported in Walter, a division within Sandvik Manufacturing and Machining Solutions, and supports the strategy to grow in advanced machining solutions and lightweight materials.Workholding fixtures are used to hold a workpiece in place during subtractive manufacturing and is a fundamental part of machining solutions. The acquisition of PDQ will strengthen Sandvik's offer to customers primarily in North America, enhance relationships with machine tool builders, and allow for earlier access to component projects in which both efficiency gains and the right selection of cutting tools are of importance. PDQ produces stationary, hydraulic, and automated fixtures, alongside indexable tool bodies and carbide round tools."The additi
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