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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.

Sandvik will publish its fourth quarter results on Thursday, 21 January 2021 at approximately 08.00 CET.

Sandvik has been selected as a member of the Dow Jones Sustainability Index (DJSI). It is considered one of the most respected global sustainability indices, in which only the top 10 percent sustainable companies in each respective industry are included.