Sandvik Mining and Construction and Shandong Energy Machinery Co. in Xintai, Shandong Province, China, have signed an agreement to form a 50/50 owned joint venture for the production and sales of coal mining equipment.
Sandvik has reached an agreement with the owners of Shanghai Jianshe Luqiao Machinery Co. Ltd. ("SJL" or "the company"), in Shanghai, China, to acquire 80% of the equity interest in the company.
Sandvik has reached an agreement to acquire Wolfram Bergbau- und Hütten-GmbH Nfg. KG (WBH), an Austrian producer and supplier of tungsten products.
Sandvik Tooling has reached an agreement to acquire 49% of the shares in the company Precorp Inc., based in Spanish Fork, Utah, USA.
Sandvik Materials Technology has acquired the medical technology company Eurocut Ltd.
Sandvik has reached an agreement with the major shareholders of the Norwegian company Teeness ASA to acquire 92.55% of the shares in the company.
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