SDVKY Sandvik AB (PK)

Swedish engineering company Sandvik AB (SAND.SK) said Tuesday it has acquired German industrial company TechnoPartner Samtronic GmbH for an undisclosed sum in order to strengthen its position in the composites segment.

 
   MAIN FACTS: 

-TechnoPartner Samtronics, a manufacturer of scattering machines and double belt presses with around 35 employees, had sales of around EUR13 million in 2012.

-The acquisition is expected to be completed during 4Q.

-At 0720 GMT, Sandvik shares were up 0.7% at SEK93.25 against a 0.5% rise in the wider Stockholm market.

Write to Gustav Sandstrom at gustav.sandstrom@dowjones.com

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