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Sandvik has completed the previously announced acquisition of Artisan Vehicle Systems, a US-based supplier of battery electric vehicle solutions for underground mining.

Lars Engström, President of Sandvik Mining and Rock Technology, will leave Sandvik during 2019 after the appointment of a successor.

Sandvik acquires privately owned Artisan Vehicle Systems, manufacturer of battery powered underground mining equipment, based in Camarillo, California, USA.

See the entire report (PDF document, 1.1 MB)

Sandvik Materials Technology has received several orders for advanced tubes for the oil and gas industry at a combined value of about 1 billion SEK, with the majority being umbilical tubes.

Sandvik has completed the acquisition of the US-based company Dura-Mill, a manufacturer of precision solid carbide end mills.

Dormer Pramet, a division within Sandvik Machining Solutions, has acquired the US based company Wetmore Tool & Engineering, a manufacturer of round tools specialized for the aerospace industry.

Sandvik will publish its fourth quarter results on Monday, 21 January 2019 at approximately 08.00 CET.

Seco Tools, a division within Sandvik Machining Solutions, has reached an agreement to acquire the Chinese company Kunshan Ousike Precision Tools Co., Ltd (OSK), a leading supplier of solid carbide round tools.

Sandvik Machining Solutions is reviewing additional efficiency measures and as such envisages the possible closure of the manufacturing facility in Fondettes, France, whilst relocating the produced volumes to other facilities within Sandvik Machining Solutions.