Frezite is a Portuguese precision-tooling multinational founded in 1978 in Trofa, near Porto, specialising in made-to-order polycrystalline-diamond (PCD) cutting tools for the metal and wood industries. With around 450 employees, it was acquired in full by Sweden’s Sandvik in 2022 and now sits inside Sandvik’s Walter division — a Portuguese engineering champion under Nordic ownership.
Frezite is a Portuguese-founded engineering business based in Trofa, near Porto, specialising in made-to-order polycrystalline-diamond (PCD) cutting tools for the metal and wood industries, with exposure to the automotive, general-engineering and aerospace segments. Founded in 1978, the group employs around 450 people and operates internationally, with activities across Europe and in Mexico and Brazil.
In 2022 the Swedish industrial group Sandvik agreed to acquire 100% of Frezite (through the holding company Frezigest, SGPS), with the deal completing on 1 September 2022. Frezite is now reported within Walter, a division of Sandvik Manufacturing and Machining Solutions — placing a Portuguese precision-tooling specialist directly inside one of the Nordics’ largest engineering groups.
Frezite’s acquisition shows the Portugal → Nordics corridor running through ownership and technology, not exports alone. A Portuguese toolmaker with decades of niche PCD expertise now anchors part of a Swedish multinational’s machining portfolio, giving Portuguese engineering a permanent seat inside a Nordic industrial champion’s global supply chain.
Following the 2022 Sandvik acquisition, Frezite has been integrated into Sandvik’s Walter division while keeping its Trofa manufacturing base. Track corridor industrial deals on our news feed.
Fractio helps Portuguese companies sell in the Nordics — with local presence, without the overhead.
Talk to Fractio →