Sandvik has acquired Sphinx Tools to enhance its position in the precision tools market and expand its product portfolio in the niche of micro-tools.
Target Information
Sphinx Tools is primarily engaged in the manufacturing of precision tools for chip removal processes as well as surgical cutting instruments. The company's clientele mainly includes sectors such as automotive, aerospace, and medical technology. Sphinx Tools will now become part of Sandvik Coromant, a division of Sandvik Manufacturing and Machining Solutions.
Established in 1994 and headquartered in Switzerland, Sphinx Tools employs approximately 115 staff members. In 2021, the company achieved a revenue of around 292 million SEK, with an EBITA margin comparable to that of Sandvik Manufacturing and Machining Solutions. The company operates three production sites across Europe and has a robust global distribution network.
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Industry Overview
The Swiss precision tools industry is recognized for its high-quality manufacturing capabilities, particularly in sectors like automotive and aerospace, where precision and rel
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Sandvik Coromant
invested in
Sphinx Tools
in 2021
in a Strategic Partnership deal
Disclosed details
Revenue: $28M