Jump to content

You are now visiting the Sandvik Group website in English. Would you like to switch to another language site with selected content translated?

Business model

Sandvik’s business model is based on close customer cooperation where we create value through products and solutions contributing to enhanced productivity and sustainability.

Together with our customers, we drive innovation and digitalization to unlock large-scale value, improve operations, create safer operating conditions and achieve more with less. We are focused on advancing the world through engineering, continuously developing both our customer offerings and core competencies, for instance by adding new digital technologies.

The business model also generates value for employees and society, which together with the large customer value ultimately leads to shareholder value.

View our investment case

Decentralized organization with clear governance

Sandvik has a decentralized organization. Operations are conducted in three business areas, each of them having several divisions with responsibility for research and development (R&D), production and sales of their respective products and services. The nature of each business decides, for example, production set-up and go-to-market strategy.

An established governance framework including Group policies, Group procedures and other steering documentation governs the way we conduct our business. The whole organization shares the same purpose and values.

Learn about our purpose, core values and strategic objectives


Sandvik’s target industries are, for example, mining, construction, automotive, aerospace and general engineering – industries which benefit greatly from Sandvik’s vast knowledge in materials technology, customer applications and industrial processes.

Find examples of how we create customer value in the industries section

Customer offerings

Find information about our products and solutions including links to our websites for products and services.

Our offerings 

Advancing the world through engineering

We are forward thinkers, driven by our passion to continuously innovate smarter solutions and enable important shifts.  

Learn about our purpose


We would like your consent

Sandvik and our vendors use cookies (and similar technologies) to collect and process personal data (such as device identifiers, IP addresses, and website interactions) for essential site functions, analyzing site performance, personalizing content, and delivering targeted ads. Some cookies are necessary and can’t be turned off, while others are used only if you consent. The consent-based cookies help us support Sandvik and individualize your website experience. You may accept or reject all such cookies by clicking the appropriate button below. You can also consent to cookies based on their purposes via the manage cookies link below. Visit our cookie privacy policy for more details on how we use cookies.