Sandvik has signed an agreement to acquire Germany-based Gerling GmbH, a precision tube engineering company serving multiple industries including the fast-developing hydrogen market. The offering includes innovative engineering solutions, such as high-pressure control technology in hydrogen refuelling stations. Gerling is a privately owned company headquartered in Hörste with around 75 employees. In 2020 the business had revenues of approximately SEK90m, with an EBIT margin neutral to Sandvik Materials Technology. The transaction is expected to close during the first quarter of 2022.

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