Metal Technology Co. Ltd. (Tokyo, Japan; www.kinzoku.co.jp) recent signed a share-transfer agreement to acquire all the shares of Sandvik Powder Solutions AB (SPS), a subsidiary of Sandvik Group, a leading Swedish engineering company.
SPS is a powdered metallurgy solutions company that designs, manufactures, and sells Near-Net-Shape products mainly used in the oil-and-gas industries. SPS has a strong customer base worldwide, including in the U.S. and Europe, as well as a high level of technological capabilities that extend from design to the completion of products.