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The latest update is out from Sandvik AB ( (SE:SAND) ).
Sandvik has acquired QTE Manufacturing Solutions, a US-based reseller of CAM solutions within the Mastercam network, to bolster its digital manufacturing growth strategy. This acquisition will enhance Sandvik’s regional presence in the Midwest US and strengthen its direct sales channel for software solutions, although it will have a limited impact on the company’s EBITA margin and earnings per share.
The most recent analyst rating on (SE:SAND) stock is a Sell with a SEK264.00 price target. To see the full list of analyst forecasts on Sandvik AB stock, see the SE:SAND Stock Forecast page.
More about Sandvik AB
Sandvik is a global, high-tech engineering group that provides solutions to enhance productivity, profitability, and sustainability in the manufacturing, mining, and infrastructure industries. The company is a leader in digitalization, offering equipment, tools, services, and digital solutions for machining, mining, rock excavation, and rock processing. In 2024, Sandvik employed approximately 41,000 people and generated revenues of about SEK 123 billion across more than 150 countries.
YTD Price Performance: 49.74%
Average Trading Volume: 1,791,998
Technical Sentiment Signal: Buy
Current Market Cap: SEK361.9B
See more data about SAND stock on TipRanks’ Stock Analysis page.