Sandvik Machining Solutions AB agreed to acquire 60% stake in Suzhou Ahno Precision Cutting Tool Technology Co., Ltd. from Ningbo BaoSi Energy Equipment Co., Ltd. (SZSE:300441) and others for an enterprise value of CNY 1460 million on April 23, 2024. In 2023 the Suzhou Ahno Precision Cutting Tool Technology Co., Ltd. had revenue of CNY 812 million. The transaction is subject to customary closing conditions and is expected to close during the third quarter of 2024.