Following the close of the acquisition, Precorp will be consolidated into Sandvik Machining Solutions. Sandvik has been the minority share owner (49%) of Precorp since 2008.

Precorp was founded in 1986, and its products are used in high-speed machining of die cast aluminium, carbide parts and the machining of advanced composite materials as well as many other materials. The company serves customers primarily within the aerospace and automotive segments. In 2012 it had sales of approximately SEK230 million, with 200 employees.

"The already existing co-operation between Sandvik Machining Solutions and Precorp has led to several new business opportunities,” said Jonas Gustavsson, president of Sandvik Machining Solutions. “Through the acquisition, we intend to further develop and strengthen the global business for engineered special diamond and cemented carbide based cutting tools, particularly in the attractive aerospace segment.”