Sandvik has signed an agreement to acquire the German engineering company DEPO. DEPO provides complete solutions for production of dies and moulds for cars, electronics, white goods and consumables of all kinds, such as packaging products and plastic bottles. The market for these kinds of applications is considered to be one of the fastest growing within the engineering industry. DEPO is based in Marienfeld, Nordrhein-Westfalen, Germany, and has some 80 employees. Its offering to customers consists of tools for metal cutting, machine tools, application expertise, CAM software as well as after-market service and training. DEPO’s current owner, Heinz Deitert, will continue working in close co-operation with Sandvik to further develop the DEPO concept. The acquisition is subject to approval of the anti-trust authorities.
