News from the Group

Sandvik has signed and completed the acquisition of MCB Services and Minerals (“MCB”), a seller of mining software and services and exclusive reseller partner to Deswik in Brazil.

Sandvik has acquired 95% of the shares in the Irish based company PMT Premier Machine Tools Limited (“PMT”), a well-established solutions provider to medical customers in Ireland, with full coverage of machines, tools and services.

Sandvik has completed the previously announced acquisition of Polymathian Industrial Mathematics (“Polymathian”), an Australia-based provider of advanced mine optimization software and services.

Sandvik has signed an agreement to acquire Polymathian Industrial Mathematics.

Sandvik has completed the previously announced acquisition of the mining related business of Schenck Process Group (SP Mining).

Sandvik has completed the previously announced acquisition of the Portugal-based company Frezite.

Sandvik has signed and completed an agreement to acquire 100% of the equity interests in the Switzerland-based Sphinx Tools Ltd and its wholly owned subsidiary P. Rieger Werkzeugfabrik AG ("Sphinx Tools").

Sandvik has completed the acquisition of the assets of US based company Balax, Inc. (“Balax”), a leading supplier of carbide and HSS cut taps and roll forming taps, primarily within the general engineering and automotive segments.

Sandvik has completed the previously announced acquisition of the assets of US based company Peterson Tool Company, Inc., (“PTC”).

Sandvik has completed the previously announced acquisition of the Spain-based company Preziss.