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October 6, 2021updated 26 Jan 2022 11:42am

Sandvik has acquired the medical wire forming company Accuratech Group

Sandvik has acquired the Swiss based company Accuratech Group, a niched medical wire forming and component manufacturer. The product offering includes ultra-fine wires and micro-tubes, semi-finished wire components, electroplating and other products and services mainly used for the medical industry. The company will be reported in Kanthal, a division in Sandvik Materials Technology.

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Medical Metals and Coatings

Medical-wire components are essential for therapeutic devices. They play the important role of transmitting, sensing or stimulating signals within the body, all the while needing to be biocompatible and offer various features (depending on the application) such as lubricity, conductivity or fatigue resistance. OEMs must choose an appropriate metal material and configuration (such as thickness or coiling), as well as a suitable coating to ensure that the medical device is as efficient and reliable as it can be. This whitepaper outlines the support you can receive from Sandvik experts for materials and coating selection, with an included example of how materials are selected for orthopedic applications, which marked the company’s entrance into the medical field.
by Alleima
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“I am pleased that we are continuing to execute on our shift to growth strategy. This acquisition is an important step for Sandvik Materials Technology in the preparations to become a separately listed company. With its increased focus on areas with high growth and strong earnings potential, Sandvik Materials Technology is strengthening their position for the future”, says Stefan Widing, President and CEO of Sandvik.

“The medical sector is one of Sandvik Materials Technology’s defined areas of growth, and through this acquisition we are strengthening our position by adding wire forming and component manufacturing capabilities. The geographical footprint of Accuratech will increase our ability to support our customers in EMEA”, says Göran Björkman, President of Sandvik Materials Technology.

Accuratech Group is headquartered in Burgdorf, Switzerland and conducts its business through three entities; Polyfil AG, Galvarex S.A and Polyflex s.r.l., with around 50 employees. In 2020 Accuratech Group had revenues of approximately SEK 75 million, with an EBIT margin neutral to Sandvik Materials Technology. The parties have agreed not to disclose the purchase price. Impact on Sandvik’s earnings per share will initially be neutral.

Free Whitepaper
img

Medical Metals and Coatings

Medical-wire components are essential for therapeutic devices. They play the important role of transmitting, sensing or stimulating signals within the body, all the while needing to be biocompatible and offer various features (depending on the application) such as lubricity, conductivity or fatigue resistance. OEMs must choose an appropriate metal material and configuration (such as thickness or coiling), as well as a suitable coating to ensure that the medical device is as efficient and reliable as it can be. This whitepaper outlines the support you can receive from Sandvik experts for materials and coating selection, with an included example of how materials are selected for orthopedic applications, which marked the company’s entrance into the medical field.
by Alleima
Enter your details here to receive your free Whitepaper.

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