Sandvik completes divestment of Sandvik Medical Solutions
Sandvik has completed the divestment of Sandvik Medical Solutions to Orchid Orthopedic Solutions (Orchid), owned by Altor Fund III.
Sandvik Medical Solutions, part of business area Sandvik Venture, specialises on contract manufacturing of medical implants and instruments for orthopaedic and dental applications. The divestment of Sandvik Medical Solutions is, as stated earlier, in line with Sandvik's strategy to exit operations outside of the defined core businesses.
The product area will be fully consolidated into Orchid Orthopedic Solutions from the second quarter in 2012.
Sandviken, 30 March 2012