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 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.

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.