Sandvik acquires shares in WALTER AG

Sandvik acquires shares in WALTER AG Sandvik has signed an agreement with the principal owners of WALTER AG covering the acquisition of shares resulting in a controlling interest in the company. The transaction is subject to approval being granted by the competition authorities. WALTER's operations include tools for metalworking, software systems for tool-management and numerically controlled grinding machines. In 2000, the company had sales of approximately EUR 300 M and profit before financial items of EUR 40 M, with 2,000 employees. Its head office is located in Tübingen, Germany. Markets outside Germany account for about 75 percent of total sales. WALTER AG is listed on the Frankfurt Stock Exchange and is included in the German SDAX index. Sandviken, 7 September 2001 Sandvik AB; (publ) For further information, contact Clas Åke Hedström, President and CEO Sandvik AB, +46 26 26 10 02 Sandvik is a high-technology engineering group with advanced products and world-leading positions in selected areas - tools for metalworking, machinery and tools for rock excavation, stainless steel, special alloys and resistance heating materials and process systems. The Group has 35,000 employees in 130 countries, with annual sales of approximately SEK 44 billion. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2001/09/07/20010907BIT00080/bit0001.doc http://www.waymaker.net/bitonline/2001/09/07/20010907BIT00080/bit0001.pdf