Sandvik acquires UK medical instrument company Eurocut

14 May 2008

Sandvik Materials Technology has acquired UK medical technology company Eurocut Ltd, manufacturer of medical instruments and implants for the orthopaedic sector. Its customers comprise leading medical technology companies that sell directly to hospitals and medical clinics.

Annual sales amount to about SEK60m and the company has 60 employees. Operations are based in Sheffield, in the UK. The acquisition strengthens Sandvik’s position in the rapidly expanding medical technology segment.

Sandvik Materials Technology is a business area within the Sandvik Group and a world-leading manufacturer of advanced special alloys and ceramic resistance materials.

“The acquisition is in line with our long-term ambition to be a strategic partner within the area and a complete supplier to globally leading medical technology companies. The addition of Eurocut Ltd. broadens our product program, expands our capacity and strengthens our expertise within machining and production of medical instruments and implants,” said Peter Gossas, President of Sandvik Materials Technology.

In December 2007 Sandvik Materials Technology took over US company JKB Medical Technologies, a contract manufacturer of spinal implants and medical instruments manufactured from titanium alloy and high-alloy stainless materials. It also acquired from Medtronic Inc. a manufacturing plant in Memphis, Tennessee, specializing in medical instruments for spinal surgery.

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