News from the Group

Sandvik has received a mining equipment order from the Canadian gold mining company New Gold. The order, valued at SEK 135 million, is partly for battery-electric vehicles (BEVs).

Sandvik has received a large mining equipment order from the Chinese global mining services provider JCHX Mining Management Co., Ltd., for use in the Democratic Republic of the Congo.

Sandvik has signed an agreement to acquire Polymathian Industrial Mathematics.

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 been awarded an order to supply a fleet of battery-electric trucks, loaders, drills and on-site service support for Foran Mining’s McIlvenna Bay project in Saskatchewan, Canada.

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.