Posted July 5, 2018

Sandvik completes Metrologic acquisition

Sandvik has completed the acquisition of the French metrology software company Metrologic Group from Astorg Partners.

Metrologic Group will be reported as part of the business area Sandvik Machining Solutions.

The purchase price was 360 million EUR, on a cash and debt free basis. In fiscal year 2017, Metrologic Group generated revenues of 43.3 million EUR with an operating margin which would have been slightly accretive to the operating margin of Sandvik Machining Solutions. Impact on Sandvik’s earnings per share is initially expected to be neutral to slightly positive, according to a company press release.