Sandvik Venture has acquired the German company TechnoPartner Samtronic (TPS), a manufacturer of scattering machines and double belt presses.
The company’s core capabilities are reinforced Teflon belt-based double belt press machines. TPS offers new equipment, feed/scattering units and service and spare parts.
Sandvik said the acquisition strengthens its position in the composites segment, in turn strengthening Sandvik’s total customer offering and growth possibilities.
In 2012, TPS had sales of approximately €13 million, with about 35 employees. The head office and manufacturing facilities is based in Göppingen, Germany.
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