News from the Group

Sandvik has earlier announced the ambition to close the Mining Systems transaction during Q4 2016. The deal will not be finalized according to the original plan as all conditions for closing have not been met.

As from 1 January 2017 a new Product Area called Additive Manufacturing will be formed within Sandvik Machining Solutions.

Patrik Juhlin has been appointed Vice President Group Treasury and Håkan Amgren has been appointed Vice President Group Tax.

Sandvik has signed an agreement to divest its Mining Systems operations, reported in the Sandvik income statement as discontinued operations, to the private equity company CoBe Capital. Sandvik will maintain ownership of ongoing projects which are close to finalization.

As part of the new organizational structure for Sandvik, ZZ Zhang, currently Executive Vice President and Head of Emerging Markets, will leave his assignment as member of the Group Executive Management team.

Sandvik reorganises its operations in business area Sandvik Venture.

Johan Kerstell has been appointed Executive Vice President, Head of Human Resources and member of Sandvik’s Group Executive Management. He will start his new position on June 1, 2016.

Sandvik will merge its operations Sandvik Mining and Sandvik Construction into one business area – Sandvik Mining and Rock Technology.

Sandvik's new CFO Tomas Eliasson will join the company on April 1 2016.