Sandvik Coromant recently strengthened its offering in digital manufacturing by the acquisition of the German company Prometec GmbH based in Aachen, Germany.
Prometec is a leading supplier of advanced solutions for monitoring and control of machining processes in production machines. The company also supplies equipment for laser beam diagnostics and primarily operates in the European and North American market. A large part of the customer base comes from the global automotive industry.
Prometec will be integrated with Sandvik Coromant, a product area within Sandvik Machining Solutions. The acquisition of Prometec is a step forward in Sandvik Machining Solutions’ focus on digital solutions and to further drive the development of digital offerings to customers and add value to the customers’ value chain.
“The acquisition is a natural step in line with the Sandvik Coromant long-term strategy to develop attractive solutions in the field of digital manufacturing, also called Industry 4.0,” said Dr. Klaus Christoffel, the new managing director for Prometec GmbH, who was previously the manager of product management and design for Sandvik Coromant in Germany. “In this area, we want to offer our customers monitoring solutions that support both the planning and the control of production. Sandvik Coromant already has a product offering within digital manufacturing, and by the acquisition of Prometec, we can offer our customers new opportunities for providing solutions across the value chain.”
According to Klas Forsström, the president of Sandvik Coromant, the acquisition of Prometec is important for several reasons, including that Prometec adds an important skillset in the field of digital manufacturing and, together with Sandvik Coromant, opens new business opportunities for an expansion in this area.
“This acquisition will constitute a solid base for continued growth, from which our customers worldwide will benefit,” said Dr. Werner Kluft, founder and previous sole shareholder of Prometec GmbH. “Thus, Prometec secures a further competitive advantage.”
For more information: sandvik.coromant.com
