Sandvik’s US Acquisition of GWS Tool Group

Freshfields advised Swedish engineering multinational Sandvik AB on the deal.

Sandvik AB acquired GWS Tool Group, a vertically integrated manufacturer of highly engineered custom, standard, and modified standard cutting tools. GWS Tool is headquartered in Tavares, Florida, and has manufacturing operations in Arizona, California, Illinois, Michigan and Massachusetts, as well as in Alberta and Ontario, Canada. The transaction was announced on November 22, 2021, and is expected to close by the end of the year. Terms were not disclosed.

The Freshfields team was led by New York M&A partner Paul Tiger (Picture) and associates Tommy Lair and Brayden Koslowsky, with support from associate Daria Butler. Tax advice was being provided by partner Claude Stansbury and associate Thomas Bourneuf. Partner Lori Goodman and associates Andrew Herman and Chaim Leggiere advised on employee benefits and employment matters. Intellectual property matters was being handled by partner Mena Kaplan, associates Marissa Yu and referendar Max Grewe. Partner Mary Lehner, counsel Laura Onken and associate Iris Zhou are advising on antitrust matters, while partner Aimen Mir and special counsel Christine Laciak provided guidance on CFIUS. Compliance advice was being provided by counsel Stephanie Brown-Cripps and associate Andrew Bulovsky. Partner Christine Lyon, counsel Brock Dahl and associate Sarah Houston are advising on data privacy and security matters. Partner Kyle Lakin provided advice on finance. The international team supporting the regulatory workstream included partner Maria Dreher and associate Ludwig Pacher-Theinburg in Vienna.

Involved fees earner: Thomas Bourneuf – Freshfields Bruckhaus Deringer LLP; Stephanie Brown Cripps – Freshfields Bruckhaus Deringer LLP; Andrew Bulovsky – Freshfields Bruckhaus Deringer LLP; Brock Dahl – Freshfields Bruckhaus Deringer LLP; Maria Dreher – Freshfields Bruckhaus Deringer LLP; Lori Goodman – Freshfields Bruckhaus Deringer LLP; Andrew Herman – Freshfields Bruckhaus Deringer LLP; Sarah Houston – Freshfields Bruckhaus Deringer LLP; Mena Kaplan – Freshfields Bruckhaus Deringer LLP; Brayden Koslowsky – Freshfields Bruckhaus Deringer LLP; Christine Laciak – Freshfields Bruckhaus Deringer LLP; Thomas Lair – Freshfields Bruckhaus Deringer LLP; Kyle Lakin – Freshfields Bruckhaus Deringer LLP; Mary Lehner – Freshfields Bruckhaus Deringer LLP; Christine Lyon – Freshfields Bruckhaus Deringer LLP; Aimen Mir – Freshfields Bruckhaus Deringer LLP; Laura Onken – Freshfields Bruckhaus Deringer LLP; Ludwig Pacher-Theinburg – Freshfields Bruckhaus Deringer LLP; Claude Stansbury – Freshfields Bruckhaus Deringer LLP; Paul Tiger – Freshfields Bruckhaus Deringer LLP; Marissa Yu – Freshfields Bruckhaus Deringer LLP; Iris Zhou – Freshfields Bruckhaus Deringer LLP;

Law Firms: Freshfields Bruckhaus Deringer LLP;

Clients: Sandvik AB;

Giulia Di Palma

Author: Giulia Di Palma