Sandvik Buys Majority Stake in Ultra-Precision Toolmaker K&Y Diamond

Sandvik AB ( (SE:SAND) ) has shared an update.

Sandvik has acquired an 80% stake in Montreal-based K&Y Diamond, a specialist in monocrystalline diamond tools used for ultra-precision applications, particularly in the optics market for products such as spectacle lenses, contact lenses and optronic components. K&Y Diamond, which posted around SEK 120 million in revenue in 2025 with a strong EBITA margin, will be integrated into the Sandvik Coromant division, slightly boosting Sandvik’s EBITA margin and earnings per share while strengthening its strategic push into the fast-growing micro-precision tools segment.

The deal, whose purchase price was not disclosed, also extends Sandvik’s reach into high-specification sectors including aerospace and medical, where demand for super-finishing is rising. By adding K&Y Diamond’s advanced technology and engineering capabilities, Sandvik aims to consolidate its position in ultra-precision tooling and deepen its presence in niche, high-value manufacturing markets, potentially enhancing its competitive profile and value proposition to customers in optical and other precision-driven industries.

The most recent analyst rating on (SE:SAND) stock is a Sell with a SEK325.00 price target. To see the full list of analyst forecasts on Sandvik AB stock, see the SE:SAND Stock Forecast page.

More about Sandvik AB

Sandvik is a global high-tech engineering group that provides equipment, tools, services and digital solutions to enhance productivity, profitability and sustainability in the manufacturing, mining and infrastructure industries. With about 42,000 employees and revenues of roughly SEK 121 billion in more than 150 countries, the company focuses heavily on digitalization and process optimization for its industrial customers.

Average Trading Volume: 2,651,614

Technical Sentiment Signal: Buy

Current Market Cap: SEK493.3B

Learn more about SAND stock on TipRanks’ Stock Analysis page.