Published: June 7, 2024 |

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Sandvik has acquired PDQ Workholding, a leading U.S.-based company specializing in custom workholding fixtures and tooling for various industries, including segments like aerospace, automotive and energy.

PDQ will be reported in Walter, a division within Sandvik Manufacturing and Machining Solutions, and supports the strategy to grow in advanced machining solutions and lightweight materials.

“The addition of PDQ will enhance our customer offer within machining solutions and strengthen growth prospects in the U.S., very much in line with our strategy. I am pleased to see us complete another acquisition which further improves our ability to create value for our customers and stakeholders,” said Stefan Widing, president and CEO of Sandvik.

Workholding fixtures are used to hold a workpiece in place during subtractive manufacturing and is a fundamental part of machining solutions. The acquisition of PDQ will strengthen Sandvik’s offer to customers primarily in North America, enhance relationships with machine tool builders, and allow for earlier access to component projects in which both efficiency gains and the right selection of cutting tools are of importance. PDQ produces stationary, hydraulic, and automated fixtures, alongside indexable tool bodies and carbide round tools.

Founded in 2010, PDQ operates from two manufacturing sites, and has 107 employees. In 2023, the company reported a revenue of $36 million.

Sandvik is a global, high-tech engineering group providing solutions that enhance productivity, profitability, and sustainability for the manufacturing, mining, and infrastructure industries.

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