Sandvik acquires TechnoPartner Samtronic GmbH

Sandvik Venture has acquired the German company TechnoPartner Samtronic GmbH, (TPS), a manufacturer of scattering machines and double belt presses. The company’s core capabilities are reinforced Teflon belt-based double belt press machines. TPS offer consists of new equipment, feed/scattering units and service and spare parts. The acquisition further strengthens Sandvik’s position in the composites segment. In turn, this will strengthen Sandvik’s total customer offering and growth possibilities.

In 2012, TPS had sales of approximately 13 Million EUR, with about 35 employees. The head office and manufacturing facilities is based in Göppingen, Germany.

“The acquisition is in line with Sandvik’s long-term strategy for profitable growth. Through the acquisition, we intend to further develop and strengthen the global business for these products in the composites segment,” says Tomas Nordahl, President of Sandvik Venture.

The acquisition is expected to be completed during the fourth quarter 2013.

Stockholm, 24 September 2013

Sandvik AB

        

Sandvik AB discloses the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 09:15 CET on 24 September, 2013.

For further information, contact Pär Altan, VP External Communication +46 8 456 12 37 or Magnus Larsson, VP Investor Relations, +46 26 456 12 40.

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The Sandvik Group
Sandvik is a global industrial group with advanced products and world-leading positions in selected areas – tools for metal cutting, equipment and tools for the mining and construction industries, stainless materials, special alloys, metallic and ceramic resistance materials as well as process systems. In 2012 the Group had about 49,000 employees and representation in 130 countries with annual sales of about 99,000 Million SEK.

Sandvik Venture
Sandvik Venture is a business area within the Sandvik Group aiming to create value through profitable growth of small to mid-sized businesses of particular interest for Sandvik. The product areas comprise Wolfram, Sandvik Process Systems and a newly formed product area merging the previously independent Diamond Innovations and Sandvik Hard Materials. In 2012 sales amounted to about 6,000 Million SEK, with approximately 2,700 employees.

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