Sweden-based mining solutions provider Sandvik has completed the acquisition of US-based metrology and automation company DWFritz Automation, a company that designs, builds, and supports engineer-to-order metrology solutions and automation systems. With DWFritz Automation, Sandvik wants to expand its current metrology offering and take the lead in in-line metrology, including a broader position in high-speed, high-volume, contactless inspection and assembly automation.
“This is in line with our strategic focus to grow organically and through acquisitions in the advanced manufacturing space, with special focus on industrial software, industrial metrology- and additive manufacturing solutions,” says Stefan Widing, President and CEO of Sandvik.
The company struck the original agreement in July 2021 to expand its metrology offering and improve its high-speed, high-volume, non-contact inspection and assembly automation portfolio. The company did disclose the financial details of the deal but the agreement follows a series of similar acquisitions in 2021 and 2020 designed to diversify its offerings and improve its market presence across the mining industry.
“By acquiring DWFritz Automation we will be able to expand our metrology and automation offering further. This will not only strengthen our position, but will also enable us to offer full metrology solutions to our customers – which will reduce cost and improve quality significantly in their broader value chain. I look forward to welcoming the DWFritz team to Sandvik,“ says Kim Hansen, President of the Metrology division in Sandvik Manufacturing Solutions.
In August 2021, it took over CNC Software and secured the purchase of Tricon Drilling Solutions earlier in the year. At the end of 2020, it bought German tunneling technologies company DSI Underground. In 2020, DWFritz Automation had revenues of approximately $78 million (SEK 720 million) and earnings before interest and taxes (EBIT) margin.
The company will be reported in the Metrology division, within business area Sandvik Manufacturing and Machining Solutions.
