Sandvik recently reached an agreement to acquire British BTA Heller Drilling Systems Ltd. The company is based in Cirencester, England and is a manufacturer and supplier of deep hole drilling (DHD) products. The acquisition is expected to be completed in the first quarter of 2009 after approval by the antitrust review.
BTA Heller manufactures indexable and welded tools for deep hole machining of complex parts and materials, with a customer base primarily in the aerospace, energy and primary metal processing industries. As a private company, BTA Heller is known for its expertise and innovative product solutions. In 2007, BTA Heller had 12 employees and sales of approximately SEK 33 million (SEK).
BTA Heller will be merged into the business of Sandvik Tools and become the global deep hole drilling application center for Sandvik Coromant.
This acquisition plan guarantees BTA's long-term, stable ownership relationship and provides him with opportunities for deep hole drilling tool research investment, product development and manufacturing. At the same time, Sandvik Coromant's expertise and product range in deep hole drilling tools will also be enhanced.
“This acquisition is in line with Sandvik’s long-term strategy of high growth. Through this acquisition, we are ready to further expand the global business of deep hole drilling tools and strengthen our products and solutions in aerospace, energy and primary metal processing.†Anders Thelin, president of Sandvik Tools, said.
BTA Heller General Manager Anthony D Evans will be the head of the new application center.
Sandviken, Sweden, December 9, 2008
Sandvik Coromant
For more information, please contact Kenneth V. Sundh, President of Sandvik Coromant, on +46 26 26 67 49; or contact Kent Nordin, Senior Manager of Public Relations and Communications at Sandvik Coromant, Tel: + 46 26 26 60 81, Email: kent.
Sandvik is a global industrial group that provides advanced products in the fields of metal cutting tools, mining machinery, stainless steel materials, specialty alloys, metal and ceramic coating materials and processing systems, and is a world leader. By the end of 2007, the group had approximately 47,000 employees and operations in 130 countries with annual sales exceeding SEK 86 billion.
Sandvik Coromant is the largest tool manufacturing company of Sandvik Tools. Sandvik Tools is a business entity of the Sandvik Group and is the world's leading manufacturer of cutting tools and tooling systems as well as wear parts and super wear resistant components. The 2007 annual sales were approximately S$24.7 billion, with approximately 16,400 employees and approximately 5% of sales revenue for R&D investment. The materials used in the manufacture are solid carbide, high speed steel and other hard materials such as diamond, cubic boron nitride and special ceramics.
BTA Heller Drilling Systems Co., Ltd. is a private UK company with excellent knowledge and expertise in the manufacture of deep hole drilling products. BTA offers indexable and brazed tools that can drill more than 200 mm in depth on complex parts and materials. The customer base is mainly from the aerospace, energy and primary metal processing industries. Founded in 1993, the company had sales of approximately SEK 33 million in 2007 and employs 12 people.
BTA Heller manufactures indexable and welded tools for deep hole machining of complex parts and materials, with a customer base primarily in the aerospace, energy and primary metal processing industries. As a private company, BTA Heller is known for its expertise and innovative product solutions. In 2007, BTA Heller had 12 employees and sales of approximately SEK 33 million (SEK).
BTA Heller will be merged into the business of Sandvik Tools and become the global deep hole drilling application center for Sandvik Coromant.
This acquisition plan guarantees BTA's long-term, stable ownership relationship and provides him with opportunities for deep hole drilling tool research investment, product development and manufacturing. At the same time, Sandvik Coromant's expertise and product range in deep hole drilling tools will also be enhanced.
“This acquisition is in line with Sandvik’s long-term strategy of high growth. Through this acquisition, we are ready to further expand the global business of deep hole drilling tools and strengthen our products and solutions in aerospace, energy and primary metal processing.†Anders Thelin, president of Sandvik Tools, said.
BTA Heller General Manager Anthony D Evans will be the head of the new application center.
Sandviken, Sweden, December 9, 2008
Sandvik Coromant
For more information, please contact Kenneth V. Sundh, President of Sandvik Coromant, on +46 26 26 67 49; or contact Kent Nordin, Senior Manager of Public Relations and Communications at Sandvik Coromant, Tel: + 46 26 26 60 81, Email: kent.
Sandvik is a global industrial group that provides advanced products in the fields of metal cutting tools, mining machinery, stainless steel materials, specialty alloys, metal and ceramic coating materials and processing systems, and is a world leader. By the end of 2007, the group had approximately 47,000 employees and operations in 130 countries with annual sales exceeding SEK 86 billion.
Sandvik Coromant is the largest tool manufacturing company of Sandvik Tools. Sandvik Tools is a business entity of the Sandvik Group and is the world's leading manufacturer of cutting tools and tooling systems as well as wear parts and super wear resistant components. The 2007 annual sales were approximately S$24.7 billion, with approximately 16,400 employees and approximately 5% of sales revenue for R&D investment. The materials used in the manufacture are solid carbide, high speed steel and other hard materials such as diamond, cubic boron nitride and special ceramics.
BTA Heller Drilling Systems Co., Ltd. is a private UK company with excellent knowledge and expertise in the manufacture of deep hole drilling products. BTA offers indexable and brazed tools that can drill more than 200 mm in depth on complex parts and materials. The customer base is mainly from the aerospace, energy and primary metal processing industries. Founded in 1993, the company had sales of approximately SEK 33 million in 2007 and employs 12 people.
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