Sandvik expands in Latin America through the acquisition of MCB Services and Minerals
Sandvik has signed and completed the acquisition of MCB Services and Minerals (“MCB”), a seller of mining software and services and exclusive reseller partner to Deswik in Brazil. MCB, which had revenues of SEK 60 million in 2022, will be reported in Digital Mining Technologies, a division within business area Sandvik Mining and Rock Solutions (SMR). Impact on Sandvik's earnings per share will be accretive. Sandvik acquired Deswik in April 2022, and MCB and Deswik has operated on a joint venture basis in supporting customers across Latin America – primarily in Brazil, but also in Chile,