Zapp Group acquired Sandvik Materials Technology

The German family business Zapp Group, supplier of advanced metal products, just signed an agreement for the acquisition of the stainless wire business of Sandvik, a global engineering group, named « Materials Technology ». The deal « includes the production unit in Sandviken, Sweden and the global sales organization, along with selected trademarks and patents, in total approximately 145 employees », as stated the Swedish group. The divestment is expected in the third quarter 2018.