Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market or liquidated local entity(ies)
Exited Exit Completed
Walter AG is a German tool manufacturer for metal cutting. The company is a subsidiary of Sandvik Holding GmbH, which in turn belongs to the Swedish company Sandvik AB. The headquarters are in Tübingen, Baden-Württemberg. Around 3,500 people work at Walter AG worldwide.
Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market or liquidated local entity(ies)
Exited Exit CompletedSandvik paused its business activities in Russia on February 28 2022, and took the decision to wind down operations in Russia on June 29, 2022. After the Russian invasion of Ukraine, the company did not make a statement about the termination of operations in the Russian Federation, and Russian enterprises continue to purchase their equipment through internal tenders. 27.07.2023: The legal entity was liquidated.