Sandvik exits from the project business in Mining Systems
Sandvik has signed an agreement to sell parts of Mining Systems to FLSmidth. Mining Systems is a supplier of design and engineering of material handling systems. In 2016 the operations had annual sales of 2.9 billion SEK. Sandvik’s plan to exit Mining Systems is as follows: · The project part of the business related to mining industry is being divested to FLSmidth. · Ongoing orders and deliveries related to the non-mining material handling project business (mainly harbor projects) and some mining projects will be delivered by Sandvik through an operational agreement with