News from the Group

The Sandvik Board of Directors has appointed the first three members of the Board of SMT – the new company planned to be listed in 2022.

Sandvik has completed the previously announced acquisition of the Polish company Fabryka Narzędzi FANAR S.A. (Fanar), a manufacturer of round tools.

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The Sandvik Board of Directors has today confirmed its previous decision to proceed with the preparation to distribute Sandvik Materials Technology (SMT) to Sandvik’s shareholders and list the company’s shares on the Nasdaq Stockholm Exchange.

Sandvik has completed the previously announced acquisistion of US-based Cambrio, a leading company with a portfolio in CAD/CAM software for manufacturing industries like automotive, transportation, energy, medical and aerospace.

Sandvik has acquired the Swiss based company Accuratech Group, a niched medical wire forming and component manufacturer.

Sandvik will publish its third quarter results on Monday, October 18, 2021 at approximately 11:30 AM CEST.

Sandvik has completed the previously announced acquisiton of US based DWFritz Automation, a leading global provider of precision metrology, inspection- and assembly solutions for advanced manufacturing.

Sandvik will report transaction costs of around SEK 180 million in total for the third quarter as a consequence of the accelerated M&A activities in recent quarters, which have resulted in eight announced acquisitions, signed or closed, during 2021.

Sandvik has completed the previously announced acquisition of US-based CNC Software Inc., a leading provider of CAD/CAM software solutions for manufacturing industries.