Sandvik Coromant Acquires Process Control and Monitoring Solutions Supplier
The addition of monitoring and process control dovetails with Sandvik’s existing product lines and will position the company to better participate in digital manufacturing, which is growing.
Strengthening its offering in the digital manufacturing arena, Sandvik Coromant has acquired German (Aachen) based Promotec GmbH. Promotec is a solutions supplier for monitoring and process control for production machines.
According to Sandvik Coromant, the acquisition is a step in the company’s long-term strategy to develop solutions in the burgeoning field of digital manufacturing that includes the Internet of Things and Industry 4.0. The addition of monitoring and process control dovetails with Sandvik’s existing product lines and will position the company to better participate in digital manufacturing, which is growing.
