Sandvik to divest Sandvik Calamo
Sandvik has reached an agreement with German company Dockweiler Edelstahl GmbH to divest Sandvik Calamo, a product unit within the Sandvik Materials Technology business area.
Sandvik Calamo is a supplier of electro-polished tube products, primarily to the electronics industry. The unit, which is located in Molkom, Sweden, has 36 employees and sales of approximately SEK 65 M.
The focus of the operations will remain unchanged and all employees will be transferred to the new owner. The products will be sold through the existing sales network, mainly via Sandvik's sales units.
Dockweiler is a world leader within tube systems for such applications as semiconductor manufacturing.
"The sale of Sandvik Calamo is part of our efforts to phase out operations outside the defined core business of Sandvik Materials Technology," says Peter Gossas, President of Sandvik Materials Technology.
The divestment is expected to be concluded in October 2008.
Sandviken, 9 October 2008
Sandvik AB; (publ)