News from the Group

Sandvik has appointed Richard Harris as President of business area Sandvik Rock Processing Solutions (SRP) and new member of the Sandvik Group Executive Management, effective October 1, 2022.

Sandvik has completed the previously announced acquisition of the Spain-based company Preziss.

Sandvik will publish its second quarter results on Friday, July 15, 2022 at approximately 11:30 AM CEST.

Sandvik will record a non-recurring charge of about SEK 1 billion in the second quarter operating results (EBITA) due to a decision to wind down operations in Russia.

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.

The President of business area Sandvik Mining and Rock Solutions, Henrik Ager, will leave the Sandvik Group.

Sandvik has signed a SEK 11 billion revolving credit facility linked to its sustainability targets, with a group of 14 banks.

Anders Svensson, President of Business Area Sandvik Rock Processing Solutions, has decided to leave Sandvik.