News from the Group

Mar 12, 2020 1:00 PM CET , Press release

Sandvik has completed the previously announced divestment of Sandvik Drilling and Completions (Varel), meaning the operations relating to the oil and gas industry to the private equity firm Blue Water Energy and its co-investor, the privately owned Nixon Energy Investments.

Jan 29, 2020 3:00 PM CET , Press release

The Nomination Committee of Sandvik AB proposes the re-election of the Board members Jennifer Allerton, Claes Boustedt, Marika Fredriksson, Johan Karlström, Johan Molin and Helena Stjernholm, and the election of Kai Wärn and Stefan Widing as new Board members. Johan Molin is proposed to be re-elected Chairman of the Board.

Jan 21, 2020 8:00 AM CET , Press release Regulatory

See the entire report (PDF document, 541 kB)

Jan 20, 2020 2:00 PM CET , Press release

Sandvik Machining Solutions has decided to review the potential closure of a production plant for round tools within the Walter division in Frankfurt, Germany. Production volumes would be transferred to other units within Sandvik Machining Solutions.

Jan 14, 2020 3:00 PM CET , Press release

Sandvik has completed the previously announced acquisition of Summerill Tube Corporation, a manufacturer of high precision tubes.

Jan 10, 2020 4:30 PM CET , Press release

Sandvik announced on 28 October 2019 that the agreement to divest the majority of Drilling and Completions (Varel) was signed. Related to the ongoing divestment, Varel has been moved out of Sandvik Mining and Rock Technology and is instead reported in Other Operations until expected closure of the deal, during the first quarter of 2020.

Jan 6, 2020 3:00 PM CET , Press release

Sandvik acquires privately owned Thermaltek Inc., a manufacturer of high temperature furnace systems and metallic heating elements headquartered in North Carolina, USA.

Jan 2, 2020 1:00 PM CET , Press release

Walter, a division within Sandvik Machining Solutions, has reached an agreement to acquire the privately owned US based company Melin Tool Company, a manufacturer of solid carbide tools.

Dec 23, 2019 11:00 AM CET , Press release

Sandvik Materials Technology has received a large order for advanced tubes for the energy segment. The order was booked in the fourth quarter 2019 and is valued at about 550 million SEK with deliveries scheduled as from the first half of 2020.

Dec 20, 2019 4:00 PM CET , Press release

Sandvik has signed an agreement to acquire privately owned Summerill Tube Corporation, based in Pennsylvania, USA.

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