Acquisition of German company Prometec GmbH is a ‘natural step’
Prometec is a leading supplier of advanced solutions for monitoring and control of machining processes in production machines. The company also supplies equipment for laser beam diagnostics and primarily operates in the European and North American market. A large part of the customer base comes from the global automotive industry.
Prometec has 35 employees and had in the fiscal year 2014/2015 sales of approximately 48 MSEK. The acquisition includes all shares in Prometec GmbH. Prometec will be integrated with Sandvik Coromant, a product area within Sandvik Machining Solutions. The acquisition of Prometec is a step forward in Sandvik Machining Solutions’ focus on digital solutions and to further drive the development of digital offerings to customers and add value to the customers’ value chain.
New managing director for Prometec GmbH, Dr. Klaus Christoffel, previously manager product management & design for Sandvik Coromant in Germany, comments: “The acquisition is a natural step in line with the Sandvik Coromant long-term strategy to develop attractive solutions in the field of digital manufacturing, also called Industry 4.0. In this area, we want to offer our customers monitoring solutions that support both, the planning and the control of production. Sandvik Coromant already has a product offering within Digital Manufacturing and by the acquisition of Prometec, we can offer our customers new opportunities for providing solutions across the value chain.
“The acquisition of Prometec has great importance for several reasons,” comments Klas Forsström, president of Sandvik Coromant.
“Prometec adds an important skill set in the field of digital manufacturing and, together with Sandvik Coromant, opens new business opportunities for an expansion in this area.”
Dr. Werner Kluft, founder and previous sole shareholder of Prometec GmbH adds: “This acquisition will constitute a solid base for continued growth, 
from which also our customers worldwide will benefit. Thus, Prometec secures a further competitive advantage.”
Part of global industrial engineering group Sandvik, Sandvik Coromant is at the forefront of manufacturing tools, machining solutions and knowledge that drive industry standards and innovations demanded by the metalworking industry now and into the next industrial era. Educational support, extensive R&D investment and strong customer partnerships ensure the development of machining technologies that change, lead and drive the future of manufacturing. Sandvik Coromant owns over 3100 patents worldwide, employs over 8,000 staff, and is represented in 130 countries.
Prometec GmbH was founded in 1984 and is active in the development, production and worldwide sales of systems for tool monitoring, machine monitoring, tool condition monitoring and process analysis as well as systems for the monitoring of spindle unbalance, grinding and dressing with the required sensors, and also laser beam diagnostics and weld monitoring. Prometec has founded subsidiaries in America, Asia, West and East Europe and cooperates with global sales partners.
Sandvik Coromant
Tel: 0121 504 5400
Email: uk.coromant@sandvik.com
www.sandvik.coromant.com