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.
Combining our core skills and hardware with new digital technologies enables new customer solutions.
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
Industries
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