Sandvik Acquires Peterson Tool Company (assets)

Sandvik Acquires GWS Tool Group from L Squared Capital Partners

November 22, 2021

Manufacturing

Sandvik AB has agreed to acquire GWS Tool Group from L Squared Capital Partners and GWS management; GWS will be reported within Walter, Sandvik's machining solutions division. GWS, a Tavares, Florida-based manufacturer of made-to-order cutting tools (including PCD tools and taps) with ~490 employees and nearly $100M in revenue, was grown via multiple add-ons under L Squared; the purchase price was not disclosed and the deal is expected to close in Q4 2021.

Sandvik (Dormer Pramet) Acquires Wetmore Tool & Engineering from Corridor Capital

January 9, 2019

Manufacturing

Dormer Pramet, part of Sandvik Machining Solutions (Sandvik AB), has acquired Wetmore Tool & Engineering Company from Corridor Capital. Wetmore, a Chino, California-based manufacturer of specialty round cutting tools and temporary fasteners for aerospace customers, will be integrated into Sandvik's tooling portfolio to expand its round-tool capabilities and manufacturing competence.

Sandvik (Walter) Acquires PDQ Workholding LLC

August 18, 2024

Manufacturing

Sandvik AB, through its Walter division, has acquired PDQ Workholding LLC, a U.S.-based specialist in custom workholding fixtures and tooling. The deal strengthens Sandvik/Walter's machining solutions offering—particularly in the Americas—by adding workholding capabilities that provide earlier access to component projects and complement its cutting-tool business.

Sandvik Acquires ICAM Technologies Corporation

November 25, 2021

Software

Sandvik AB has signed an agreement to acquire Canada-based ICAM Technologies Corporation, a provider of post-processing, machine simulation and tool-path optimization software for CNC machining. ICAM (founded in Montreal in 1971) will be reported within Sandvik Coromant; the company has about 27 employees and 2020 revenues of roughly SEK 30 million. The deal is expected to close in Q4 2021 and strengthens Sandvik's verification and optimization offering for component manufacturing.

Capitala Group Makes Growth Investment in Peterson Manufacturing

January 9, 2020

Manufacturing

Capitala Group has made a growth investment in Peterson Manufacturing, a Sarasota, Florida-based manufacturer of precision deep-drawn metal components serving the automotive, appliance, plumbing and gauge markets. The investment comes from Capitala's Growth Fund, will support Peterson's next phase of growth, and includes Capitala executives Adam Richeson and Joe Alala III joining Peterson's board.

Sandvik Acquires Verisurf Software Inc.

June 3, 2025

Software

Sandvik AB has completed the acquisition of Verisurf Software Inc., a US-based 3D metrology software solutions provider. Verisurf will be reported as a separate business unit within Sandvik’s Machining and Intelligent Manufacturing business area; the company is headquartered in Anaheim, California with 44 employees and reported ~SEK 130 million (USD 12 million) revenue in 2024.