Sandvik completes acquisition of Australian SDS Corporation
Sandvik announced on 7 April an offer to acquire the Australian company SDS Corporation.
Among other conditions, the acquisition was conditional on the approval of shareholders representing at least 90% of the shares.
At the end of the acceptance period for the offer, Sandvik held 98.21% of the shares in SDS Corporation. Accordingly, the acquisition will be completed as planned and the remaining shares will be compulsorily redeemed. SDS Corporation will be consolidated as of 1 June and delisting from the Australian stock exchange is expected to be completed prior to the end of June.
Sandviken, 29 May 2006
Sandvik AB; (publ)