Sandvik acquires Miranda Tools’ business

Dormer Pramet, a division within Sandvik Machining Solutions, has acquired Indian tooling supplier Miranda Tools, which manufactures high-speed steel and solid-carbide round tools.

“The acquisition is aligned with Sandvik Machining Solutions’ focus on strengthening our round tools offer whilst also adding greater production capacity and flexibility to support long-term growth,” said Lars Bergström, president of Sandvik Machining Solutions.

The acquisition also enhances Dormer Pramet’s product offering and facilitates an improved presence in key markets such as India, China, and Southeast Asia.

“I am very pleased that we have reached an agreement to acquire the business of Miranda Tools, which will further enhance Dormer Pramet’s position as one of the leading suppliers of cutting tools for the general engineering and component manufacturing industries,” said Stefan Steenstrup, president of Dormer Pramet.