The offering includes innovative engineering solutions, such as high-pressure control technology in hydrogen refueling stations. The company will be reported in Tube, a division within Sandvik Materials Technology. The combination of Sandvik Materials Technology and Gerling will increase the opportunities in the hydrogen refueling stations market by adding engineering know-how and capabilities. It will also accelerate the expansion of the co-created mobile tubing container solution into new markets globally, providing customers with a flexible, on-site, and digitally connected platform, supporting the establishment of hydrogen refueling stations.
High-precision tubing in medical applications
Furthermore, through utilizing the unique capabilities within tube manufacturing technology at Gerling coupled with the medical product portfolio in SMT, a strong position within high-precision tubing for medical applications will be obtained.
Transition to renewable energy
“We will take positions where we can capitalize on the energy transition towards more renewable energy sources. The acquisition of Gerling is giving us capabilities to accelerate growth in innovative hydrogen solutions. We already have a successful partnership with Gerling and we will continue to solve critical industry challenges together,” said Göran Björkman, President of Sandvik Materials Technology.
The transaction is expected to close during the first quarter of 2022.