News from the Group

The Sandvik AB Annual Report 2020 is from today available at our website https://www.annualreport.sandvik/en/2020

Sandvik provides proforma numbers for the business areas Sandvik Mining and Rock Solutions and Sandvik Rock Processing Solutions.

For the twelfth consecutive year, Sandvik qualified for the renowned Sustainability Yearbook by S&P Global, meaning our sustainability performance is within the top 15 percent of our industry.

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

See the entire report (PDF)

Sandvik has acquired a minority stake in the privately owned American software company Oqton, a leading provider of AI-powered manufacturing solutions.

Sandvik has completed the previously announced acquisition of US based CGTech, a global market leader in software for numerical control (NC/CNC) simulation, verification and optimization.

Sandvik has signed an agreement to acquire DSI Underground, the global leader in ground support and reinforcement products, systems and solutions for the underground mining and tunneling industries. The company will be reported in Sandvik Mining and Rock Solutions.

Sandvik has completed the previously announced acquisition of the entire business of the Indian company Miranda Tools, comprising the manufacture of High Speed Steel and solid carbide round tools.

As previously announced Sandvik initiated measures across the Group to mitigate effects from the covid-19 pandemic, with actions supporting savings both short-term and long-term. Today, Sandvik provides an update on the current status of the long-term cost measures and savings for the 2021 program.