News from the Group

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).

Sandvik has completed the previously announced acquisition of the Australian-based Deswik, the leading and fastest growing major provider of mine planning software.

Sandvik has completed the previously announced acquisition of the German based company Gerling GmbH.

Sandvik has acquired US-based Dimensional Control Systems (DCS) – a leading global provider of dimensional quality management software and on-site engineering services.

Sandvik expects for the fourth quarter to report transaction costs related to the recently announced acquisitions as well as an increased level of amortisation of surplus values (PPA).

Sandvik has completed the previously announced acquisition of the 100% equity interests of the US based company GWS Tool Intermediate Holdings LLC from its beneficial owners, L Squared Capital Partners and GWS management.

Sandvik has completed the previously announced acquisition of the South African based company Kwatani, a leading supplier of screens and feeders for the mining industry.