Freshfields is advising Sandvik on its acquisition of PDQ Workholding (PDQ), a leading US-based company specializing in custom workholding fixtures and tooling for various industries, including segments like aerospace, automotive and energy. The transaction signed and closed on the same day, June 3, 2024. This is the third completed acquisition that Freshfields’ US practice has advised on since 2021.

The Freshfields team was led by Corporate/M&A partner Paul Tiger, senior associate Arash Ardalan and associate Gabe Carolan, with associates Brayden Koslowsky and Nichole Chen and summer associate Breandan McHale helping along the way. Partner Joe Soltis, senior associate Courtney Canning and associate Hannah Golden advised on tax matters; partner Mena Kaplan and senior associate Marissa Yu and associates Yvonne Wolski and Rhea Khakhria advised on certain commercial arrangements and IP matters; partner Lori Goodman and associates Chaim Leggiere and Juan Pastor advised on employee benefits and executive compensation matters; partner Christine Lyon advised on privacy matters; partner Brock Dahl and associate Christine Chong advised on data security matters; partner Stephanie Brown-Cripps and Alessandra Scalise advised on sanctions matters; counsel Jeremiah Nelson advised on real estate matters; Partner Mary Lehner and associate Kara King advised on antitrust matters; and partner Aimen Mir, special counsels Christine Laciak and Colin Costello, and associate Andrew Gabel advised on CFIUS/FDI matters.