Sandvik has completes the acquisition of the Preziss company, a cutting tools and solutions provider within high-precision drilling, reaming, milling and tooling systems. Sandvik will strengthen its offering towards the lightweight components of the automotive market. The company will be reported in Sandvik Coromant, a division within Sandvik Manufacturing and Machining.
Preziss is a full solutions provider for components machining with advanced engineering and application knowledge for lightweight products and production, as well as aftermarket service. Manufacturing in lightweight materials such as aluminum is becoming increasingly important in segments like automotive and aerospace, especially in the shift towards more sustainable transports and reduced fuel consumption.
