Developer docs
API playgroundTry for free, no card

Search company profiles

Walter AG

Full company profile

uuid0008rwf

Namestring
Walter AG
Legal namestring
Walter AG
Company typeenum
Private
Founded yearint
1919
Descriptiontext

Walter AG is a Tübingen, Germany-based precision cutting tool manufacturer founded in 1919, serving industrial manufacturers across aerospace, medical technology, automotive, electronics, defence, and watchmaking sectors. The company produces precision cutting tools spanning turning, milling, holemaking, and threading applications, with a stated specialization in small-part machining for components below 40mm in diameter — a segment Walter identifies as one of the fastest-growing in turning and milling technology. The company employs between 1,001 and 5,000 people and operates as a privately held industrial business under the Walter Tools brand.

Walter's technology platform centers on precision carbide tooling, complemented by the Automated Tool Production (ATP) system launched in September 2024. The ATP system integrates robot cells and autonomous transport robots to automate loading, unloading, and workpiece transport, and supports networked operation with both Walter and third-party machinery, including automatic tool correction capabilities. In August 2024, Walter acquired PDQ Workholding LLC, a US-based specialist in workholding fixtures and tooling, extending the product portfolio into clamping technology and aluminium machining applications across the Americas.

The business model is B2B direct enterprise sales of physical cutting tools and tooling solutions to industrial customers. Revenue is generated through hardware sales of standard and specialized tooling products, with pricing conducted on a quote-based, negotiated basis per customer or project. Distribution occurs through Walter's direct enterprise sales force globally, supplemented by the PDQ Workholding network in the Americas, and the company collaborates with machine tool builders to position its products for integrated machining solutions and earlier-stage customer engagement.

Short descriptiontext

Walter AG is a Tübingen, Germany-based precision cutting tool manufacturer founded in 1919, specializing in turning, milling, holemaking, and threading tools for small-part machining, serving aerospace, medical, automotive, electronics, defence, and watchmaking sectors globally.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
1,001–5,000
akta.pro rankint
HeadquartersTübingen, Germany
HQ citystring
Tübingen
HQ countrystring
Germany
HQ regionstring
Europe
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
precision cutting tools, metalworking tooling, small-part machining, workholding fixtures, automated tool production
Industry2 codes
1Metal Cutting Tools, Tooling & Workholding (Cutters, Inserts, Chucks, Fixtures)
CodeIMAHADABPrimaryYes
2Tooling, Jigs, Fixtures & Molds for Airframe/Composite Manufacturing
CodeIMABAEAIPrimaryNo
NAICS code1 code
  • Cutting Tool and Machine Tool Accessory Manufacturing333515
SIC code1 code
  • Machine Tools, Metal Cutting Types3541
Product category
Precision Cutting Tools
Social media profiles2 records
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model2 records
1Precision Cutting Tools Sales
TypeHardware Sales
Description

Walter AG generates revenue through the sale of precision cutting tools and tooling solutions. The company offers products across turning, milling, holemaking, and threading applications, serving aerospace, medical technology, automotive, electronics, defence, and watchmaking sectors. Revenue is derived from both standard tool products and specialized solutions for advanced machining applications.

machinery-market.co.uk
2Workholding Products
TypeHardware Sales
Description

Following the acquisition of PDQ Workholding LLC, Walter expanded its product portfolio to include workholding fixtures and tooling, particularly for aluminium machining applications in the Americas market.

alcircle.com
Marketing channels3 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels2 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components6 values
Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure
GTM typeB2B
B2B
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Core offering1 text field

Walter AG manufactures and sells precision cutting tools for turning, milling, holemaking, and threading, with a specialization in small-part machining of components below 40mm in diameter. The offering is targeted at industrial manufacturers in aerospace, medical technology, automotive, electronics, defence, and watchmaking, and is complemented by the Automated Tool Production (ATP) system and workholding solutions from PDQ Workholding.

Differentiator
Functional benefit
Problem solved
Product overview1 text field

Walter AG is a Tübingen-based cutting tool specialist offering a comprehensive portfolio of precision solutions. The company's core offerings include cutting tools for turning, milling, holemaking, and threading applications, with specialized focus on small-part machining (components below 40mm diameter). The product range is complemented by the Automated Tool Production (ATP) system, an automation solution enabling networked operation with robot cells and autonomous transport. Following its 2024 acquisition of PDQ Workholding LLC, Walter expanded its portfolio to include workholding fixtures and tooling, strengthening its position in advanced machining solutions and aluminium applications.

Product and service3 records
1Small-Part Machining Portfolio
CategoryPrecision cutting tools
Description

Precision cutting tools covering turning, milling, holemaking, and threading operations, specialized for small-part machining of components below 40mm in diameter. Used by industrial manufacturers in aerospace, medical technology, automotive, electronics, defence, and watchmaking.

2Automated Tool Production (ATP) System
CategoryTool production automation
Description

Automated tool production system that supports the manufacture of precision cutting tools, intended to improve efficiency and consistency in Walter AG's tooling production and supply to industrial customers.

3PDQ Workholding Solutions
CategoryWorkholding and fixturing
Description

Workholding fixtures and tooling solutions offered through PDQ Workholding, complementing Walter AG's precision cutting tools portfolio to provide integrated tooling and fixturing for industrial machining operations.

Scale indicator1 record

Each record includes

Type, Value, Description, Source

Partnership2 partners
Strategic tierCoreTypeOEM/ Whitelabel/ Licensing PartnerAnnounced on2024-08-19
Description

Walter acquired PDQ Workholding LLC, a US-based specialist in workholding fixtures and tooling. The acquisition strengthens Walter's product portfolio with a focus on advanced machining solutions and aluminium applications. It is intended to improve operational efficiency and expand Walter's presence in the Americas, particularly in workholding products relevant to aluminium machining. This move enhances Walter's collaborations with machine tool builders.

Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2024-08-19
Description

The acquisition of PDQ Workholding and enhanced product portfolio is intended to strengthen Walter's collaborations with machine tool builders, improving the company's position in the market for integrated machining solutions.

Recent move4 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight5 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

US-based manufacturer of metalworking tools and wear-resistant solutions serving aerospace, automotive, and industrial markets. Directly competes with Walter in carbide cutting tools and tooling systems across precision machining applications.

TypeDirect peer
Description

The cutting tool division of Sandvik AB, offering metal cutting inserts, tool holders, and tooling solutions across turning, milling, and holemaking. Sandvik Coromant is the most direct global peer to Walter AG in product portfolio, customer base, and enterprise sales motion.

TypeDirect peer
Description

Japanese tap, end mill, and thread rolling tool maker serving automotive, aerospace, and electronics manufacturers. A direct peer to Walter in threading, holemaking, and precision milling tool categories.

TypeDirect peer
Description

Israeli cutting tool manufacturer (part of IMC Group) producing milling, turning, drilling, and grooving tools. Competes head-to-head with Walter in precision cutting tools, particularly in metalworking-focused OEM accounts.

TypeDirect peer
Description

Czech-based cutting tool maker (part of Sandvik) producing drills, taps, milling cutters, and turning inserts. Competes directly with Walter in metal cutting consumables, particularly in European mid-market industrial accounts.

TypeDirect peer
Description

German precision cutting tool manufacturer with strong presence in rotary tools, taps, and drills. Like Walter, Guhring is a privately held, technically specialized competitor serving precision machining customers.

TypeEmerging player
Description

South Korean manufacturer of cutting tools including end mills, drills, taps, and inserts. Competes with Walter in precision milling and holemaking, often at more aggressive price points in standardized tooling categories.

TypeDirect peer
Description

Japanese manufacturer of tungsten carbide cutting tools, including turning, milling, and drilling products. Overlaps with Walter's carbide tooling portfolio across general engineering and precision machining segments.

TypeDirect peer
Description

Sweden-based cutting tool manufacturer (a Sandvik subsidiary) producing milling, turning, and holemaking solutions. Shares Walter's product mix and small/medium part machining positioning across aerospace and automotive customers.

TypeDirect peer
Description

Japanese manufacturer of cutting tools, including inserts, end mills, and drills, serving automotive, aerospace, and general engineering. Overlaps with Walter's precision milling, turning, and small-diameter tooling portfolios.

Market position
Strengths4 records

Each record includes

Headline, Details, Source

Weaknesses4 records

Each record includes

Headline, Details, Source

Competitive moat4 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights5 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment2 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature2 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles5 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

Subsidiaries1 record

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Walter AG

Precision Cutting Toolswalter-tools.com

Walter AG is a Tübingen, Germany-based precision cutting tool manufacturer founded in 1919, specializing in turning, milling, holemaking, and threading tools for small-part machining, serving aerospace, medical, automotive, electronics, defence, and watchmaking sectors globally.

What Walter AG does

Walter AG is a Tübingen, Germany-based precision cutting tool manufacturer founded in 1919, serving industrial manufacturers across aerospace, medical technology, automotive, electronics, defence, and watchmaking sectors. The company produces precision cutting tools spanning turning, milling, holemaking, and threading applications, with a stated specialization in small-part machining for components below 40mm in diameter — a segment Walter identifies as one of the fastest-growing in turning and milling technology. The company employs between 1,001 and 5,000 people and operates as a privately held industrial business under the Walter Tools brand.

Walter's technology platform centers on precision carbide tooling, complemented by the Automated Tool Production (ATP) system launched in September 2024. The ATP system integrates robot cells and autonomous transport robots to automate loading, unloading, and workpiece transport, and supports networked operation with both Walter and third-party machinery, including automatic tool correction capabilities. In August 2024, Walter acquired PDQ Workholding LLC, a US-based specialist in workholding fixtures and tooling, extending the product portfolio into clamping technology and aluminium machining applications across the Americas.

The business model is B2B direct enterprise sales of physical cutting tools and tooling solutions to industrial customers. Revenue is generated through hardware sales of standard and specialized tooling products, with pricing conducted on a quote-based, negotiated basis per customer or project. Distribution occurs through Walter's direct enterprise sales force globally, supplemented by the PDQ Workholding network in the Americas, and the company collaborates with machine tool builders to position its products for integrated machining solutions and earlier-stage customer engagement.

Walter AG firmographics

Firmographics
Name
Walter AG
Legal name
Walter AG
Website
https://walter-tools.com
Company type
Private
Founded year
1919
Operating status
Operating
Headcount range
1,001–5,000 employees
Short description
Walter AG is a Tübingen, Germany-based precision cutting tool manufacturer founded in 1919, specializing in turning, milling, holemaking, and threading tools for small-part machining, serving aerospace, medical, automotive, electronics, defence, and watchmaking sectors globally.
Ownership category
akta.pro rank

Walter AG industry classification

Industry
Product category
Precision Cutting Tools
NAICS
Cutting Tool and Machine Tool Accessory Manufacturing (333515)
SIC
Machine Tools, Metal Cutting Types (3541)
akta.pro primary industry
Metal Cutting Tools, Tooling & Workholding (Cutters, Inserts, Chucks, Fixtures) (IMAHADAB)
akta.pro secondary industry
Tooling, Jigs, Fixtures & Molds for Airframe/Composite Manufacturing (IMABAEAI)

Keywords

  • Precision cutting tools
  • Metalworking tooling
  • Small-part machining
  • Workholding fixtures
  • Automated tool production

Where Walter AG is headquartered

Location

Headquarters

HQ city
Tübingen
HQ country
Germany
HQ region
Europe

Offices1 record

Markets served

Walter AG business model

Business model
GTM type
B2B
Offering type
Hardware or Manufacturing
Cost components
Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

  1. Precision Cutting Tools Sales: Walter AG generates revenue through the sale of precision cutting tools and tooling solutions. The company offers products across turning, milling, holemaking, and threading applications, serving aerospace, medical technology, automotive, electronics, defence, and watchmaking sectors. Revenue is derived from both standard tool products and specialized solutions for advanced machining applications.
  2. Workholding Products: Following the acquisition of PDQ Workholding LLC, Walter expanded its product portfolio to include workholding fixtures and tooling, particularly for aluminium machining applications in the Americas market.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Walter AG product offering

Product offering

Core offering

Walter AG manufactures and sells precision cutting tools for turning, milling, holemaking, and threading, with a specialization in small-part machining of components below 40mm in diameter. The offering is targeted at industrial manufacturers in aerospace, medical technology, automotive, electronics, defence, and watchmaking, and is complemented by the Automated Tool Production (ATP) system and workholding solutions from PDQ Workholding.

Product overview

Walter AG is a Tübingen-based cutting tool specialist offering a comprehensive portfolio of precision solutions. The company's core offerings include cutting tools for turning, milling, holemaking, and threading applications, with specialized focus on small-part machining (components below 40mm diameter). The product range is complemented by the Automated Tool Production (ATP) system, an automation solution enabling networked operation with robot cells and autonomous transport. Following its 2024 acquisition of PDQ Workholding LLC, Walter expanded its portfolio to include workholding fixtures and tooling, strengthening its position in advanced machining solutions and aluminium applications.

Differentiator

Problem solved

Functional benefit

Products and services

  • Small-Part Machining Portfolio Precision cutting tools covering turning, milling, holemaking, and threading operations, specialized for small-part machining of components below 40mm in diameter. Used by industrial manufacturers in aerospace, medical technology, automotive, electronics, defence, and watchmaking.
  • Automated Tool Production (ATP) System Automated tool production system that supports the manufacture of precision cutting tools, intended to improve efficiency and consistency in Walter AG's tooling production and supply to industrial customers.
  • PDQ Workholding Solutions Workholding fixtures and tooling solutions offered through PDQ Workholding, complementing Walter AG's precision cutting tools portfolio to provide integrated tooling and fixturing for industrial machining operations.

Companies that use Walter AG

Customer profile

Segments2 records

Ideal customer profiles1 record

Walter AG technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature2 records

Walter AG partnerships and signals

Strategic signal

Partnerships

Two partnerships are on record, tiered core.

  • PDQ Workholding LLCcoreOEM/ Whitelabel/ Licensing Partner · 19 August 2024Walter acquired PDQ Workholding LLC, a US-based specialist in workholding fixtures and tooling. The acquisition strengthens Walter's product portfolio with a focus on advanced machining solutions and aluminium applications. It is intended to improve operational efficiency and expand Walter's presence in the Americas, particularly in workholding products relevant to aluminium machining. This move enhances Walter's collaborations with machine tool builders.
  • Machine Tool BuilderscoreStrategic or Co-development Partner · 19 August 2024The acquisition of PDQ Workholding and enhanced product portfolio is intended to strengthen Walter's collaborations with machine tool builders, improving the company's position in the market for integrated machining solutions.

Scale indicators1 record

Recent moves4 records

Expansion highlights5 records

Walter AG competitors and assessment

Company assessment

Direct peers

  • Kennametal: US-based manufacturer of metalworking tools and wear-resistant solutions serving aerospace, automotive, and industrial markets. Directly competes with Walter in carbide cutting tools and tooling systems across precision machining applications.
  • Sandvik Coromant: The cutting tool division of Sandvik AB, offering metal cutting inserts, tool holders, and tooling solutions across turning, milling, and holemaking. Sandvik Coromant is the most direct global peer to Walter AG in product portfolio, customer base, and enterprise sales motion.
  • OSG Corporation: Japanese tap, end mill, and thread rolling tool maker serving automotive, aerospace, and electronics manufacturers. A direct peer to Walter in threading, holemaking, and precision milling tool categories.
  • Iscar: Israeli cutting tool manufacturer (part of IMC Group) producing milling, turning, drilling, and grooving tools. Competes head-to-head with Walter in precision cutting tools, particularly in metalworking-focused OEM accounts.
  • Dormer Pramet: Czech-based cutting tool maker (part of Sandvik) producing drills, taps, milling cutters, and turning inserts. Competes directly with Walter in metal cutting consumables, particularly in European mid-market industrial accounts.
  • Guhring: German precision cutting tool manufacturer with strong presence in rotary tools, taps, and drills. Like Walter, Guhring is a privately held, technically specialized competitor serving precision machining customers.
  • Tungaloy: Japanese manufacturer of tungsten carbide cutting tools, including turning, milling, and drilling products. Overlaps with Walter's carbide tooling portfolio across general engineering and precision machining segments.
  • Seco Tools: Sweden-based cutting tool manufacturer (a Sandvik subsidiary) producing milling, turning, and holemaking solutions. Shares Walter's product mix and small/medium part machining positioning across aerospace and automotive customers.
  • Mitsubishi Materials: Japanese manufacturer of cutting tools, including inserts, end mills, and drills, serving automotive, aerospace, and general engineering. Overlaps with Walter's precision milling, turning, and small-diameter tooling portfolios.

Emerging players

  • YG-1: South Korean manufacturer of cutting tools including end mills, drills, taps, and inserts. Competes with Walter in precision milling and holemaking, often at more aggressive price points in standardized tooling categories.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights5 records

Customer concentration

Walter AG social profiles

Digital presence

Walter AG financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Walter AG leadership team

Management profile

Number of profiles

Profiles5 records

Walter AG subsidiaries and ownership

Company hierarchy

Subsidiaries1 record

Walter AG funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Walter AG M&A and investment

M&A and investment

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Walter AG

What does Walter AG do?

Walter AG manufactures and sells precision cutting tools for turning, milling, holemaking, and threading, with a specialization in small-part machining of components below 40mm in diameter. The offering is targeted at industrial manufacturers in aerospace, medical technology, automotive, electronics, defence, and watchmaking, and is complemented by the Automated Tool Production (ATP) system and workholding solutions from PDQ Workholding.

Is Walter AG a public or private company?

Walter AG is a private company. It is classified as unknown and is currently operating.

When was Walter AG founded?

Walter AG was founded in 1919. It employs 1,001 to 5,000 people.

Where is Walter AG based?

Walter AG is headquartered in Tübingen, Germany, in the Europe region.

How does Walter AG make money?

Two revenue lines are on record. Precision Cutting Tools Sales are the primary driver. The others are workholding Products.

Who are Walter AG's main competitors?

Direct peers on record are Kennametal, Sandvik Coromant, OSG Corporation, Iscar, Dormer Pramet, Guhring, Tungaloy, Seco Tools and Mitsubishi Materials. YG-1 is listed as an emerging player.

Does Walter AG have an API?

No public API is recorded for Walter AG.

What industry is Walter AG in?

Walter AG's product category is Precision Cutting Tools. Its primary akta.pro industry code is IMAHADAB, Metal Cutting Tools, Tooling & Workholding (Cutters, Inserts, Chucks, Fixtures), with a secondary code of IMABAEAI, Tooling, Jigs, Fixtures & Molds for Airframe/Composite Manufacturing. Its NAICS code is 333515 and its SIC code is 3541.

Unlock the full company data

50 free credits on sign-up, no credit card required.

Contact sales
Live signals
Machinery MarketUnited Machining to launch five world premieres at AMBUnited Machining Solutions will unveil five new products at AMB 2026, with three from Agie Charmilles and two from Walter. The company, generating over $1.5 billion in annual sales, will also showcase its grinding and machining divisions. The launches aim to reinforce its position as a leading supplier of advanced machine tool technologies.Machinery MarketWalter presents Xill·tec Aero solid carbide cuttersWalter has introduced the Xill·tec Aero solid carbide milling cutters MC331 Advance without a chip breaker and MC333 Advance with a chip breaker, targeting stainless steel, super-alloys and titanium in ISO groups M and S. The tools use WK40EA carbide with differential pitch geometry, available in five- or seven-flute variants from Ø6 to 25mm and cutting lengths of 2 to 5XDc.Aerospace ManufacturingWalter expands milling range with new MC331Walter introduced the Xill·tec Aero solid carbide cutters MC331 and MC333 Advance for aerospace machining. The tools use grade WK40EA and differential pitch geometry, available in 5-7 flutes and cutting lengths 2-5XDc. They target titanium and stainless steel, with reconditioning options and custom dimensions.M4SnewsWalter AG Acquires PDQ Workholding LLC to Strengthen Clamping Technology PortfolioWalter AG has announced the acquisition of US-based PDQ Workholding LLC to expand its workpiece clamping technology portfolio. This strategic move aims to integrate PDQ's custom clamping solutions with Walter's machining tools, thereby gaining earlier access to customer projects and strengthening business opportunities across the Americas.PlantengineeringPlant engineering, manufacturing M&A: March 2024Bundy Group, an investment bank and advisory firm focused on automation, industrial technology and plant management, reported seven automation-related transactions in March 2024. Deals included Walter's acquisition of PushCorp, IPS's purchase of Edmonton-based Electric Motor Service Limited, Duravant's acquisition of Ferdinand Henneken GmbH, and others. No financial terms were disclosed.PR NewswireGlobal High Speed Steel (HSS) Metal Cutting Tools IndustryThis October 2017 industry report analyzes the global market for High Speed Steel (HSS) Metal Cutting Tools, covering product segments including HSS Milling Tools, Drilling Tools, Tapping Tools, Reaming & Counterboring Tools, Gear Cutting Tools, and Broaching Tools, with annual forecasts from 2015 through 2024 across US, Canada, Japan, Europe, Asia-Pacific, Middle East & Africa, and Latin America markets. The report profiles 87 companies including key players such as Kennametal, Sandvik Group, DeWALT, OSG Corporation, and Walter AG, noting market drivers including aircraft production growth, stable automotive manufacturing in developing countries, and expanding railway investments. Recent corporate activity highlighted includes Stanley Black & Decker's acquisition of Newell Tools, MachiningCloud's partnership with Keo Cutters, and new product launches from Sandvik Coromant, Dormer Pramet, and Sul Corte.GlobeNewswireWALTER AG divests the Machine Division to Korber Schleifring GroupWALTER AG divested its Grinding and Measuring Machine Division to Korber Schleifring Group, signed the contract on May 19, 2004. The deal retains 388 jobs worldwide, including 131 in Germany, with 2003 sales of EUR 76.5 million. WALTER AG will focus on carbide tools and tool data management software.GlobeNewswireSandvik Consolidates Walter AG as of 25 February 2002Sandvik agreed to acquire Walter AG, with consolidation effective 25 February 2002, giving Sandvik slightly over 60% of shares. Walter AG's 2001 sales were about EUR 295 million and operating profit EUR 37 million. The acquisition is expected to boost group earnings within a year.