Sandvik acquires Australian company Shark Abrasion Systems

Sandvik has reached an agreement to aquire Shark Abrasion Systems Ltd, a company based in Perth, Australia.

Shark is a market-leading company in development and production of wear parts for underground loader buckets. Currently, Sandvik is the exclusive distributor of these products. Through synergies, the acquisition provides the conditions for continued growth through strengthened research and development and access to Sandvik’s global sales organization.

In 2006, Shark had sales of approximately SEK 70 M (AUD 12 M), with 10 employees. The operation will be consolidated into the Sandvik Mining and Construction business area from 17 January 2007.

“The acquisition is in line with Sandvik’s long-term strategy for profitable growth. Through the acquisition, we intend to develop a global business for these products. In addition, it broadens Sandvik’s offering to the global aftermarket,” says Lars Josefsson, President of Sandvik Mining and Construction.

Sandviken, 17 January 2007

Sandvik AB, (publ)

About Us

Sandvik Group Sandvik is a high-tech and global engineering group offering products and services that enhance customer productivity, profitability and safety. We hold world-leading positions in selected areas – tools and tooling systems for metal cutting; equipment and tools, service and technical solutions for the mining industry and rock excavation within the construction industry; products in advanced stainless steels and special alloys as well as products for industrial heating. In 2018, the Group had approximately 42,000 employees and revenues of about 100 billion SEK in more than 160 countries within continuing operations.


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