News from the Group

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.

Sandvik has signed an agreement to acquire 100% of the equity interests of the Portugal-based company Frezigest, SGPS (“Frezite”).

Sandvik has acquired the Finland-based company Akkurate, a frontrunner in holistic battery management, providing remote battery diagnostic- and prognostic platforms.

Sandvik has signed an agreement to acquire the Spain-based company Preziss, a cutting tools and solutions provider within high-precision drilling, reaming, milling and tooling systems.

Sandvik has signed an agreement to acquire the assets of US based company Peterson Tool Company, Inc., (“PTC”) a leading supplier of machine-specific custom insert tooling solutions.

Sandvik has signed an agreement to acquire the mining related business of Schenck Process Group (SP Mining).