Sandvik has acquired PDQ Workholding LLC (PDQ), a US-based company specializing in custom work-holding fixtures and tooling for various industries, including aerospace, automotive and energy. PDQ will be reported in Walter, a division within Sandvik Manufacturing and Machining Solutions, thus supporting the strategy to grow in advanced machining solutions and lightweight materials.

The acquisition of PDQ will strengthen Sandvik’s offer to customers primarily in North America, enhance relationships with machine tool builders, and allow for earlier access to component projects in which both efficiency gains and the right selection of cutting tools are of importance. PDQ produces stationary, hydraulic and automated fixtures, alongside indexable tool bodies and carbide round tools.

“The addition of PDQ will enhance our customer offer within machining solutions and strengthen growth prospects in the US, very much in line with our strategy,” says Stefan Widing, president and CEO of Sandvik.“I’m pleased to see us complete another acquisition that further improves our ability to create value for our customers and stakeholders.”

Founded in 2010, PDQ operates from two manufacturing sites and has 107 employees. In 2023, the company reported a revenue of $36m. The impact on Sandvik’s EBITA (earning before interest, taxes and amortisation) margin and earnings per share will be limited.

More information www.sandvik.com