Sandvik has signed an agreement to divest Hyperion
Sandvik has signed an agreement to divest Hyperion to the US listed investment firm KKR at a price of 4 billion SEK. Hyperion delivers advanced wear-resistant tools, applications and components in hard and super-hard materials. Hyperion, with approximately 1,400 employees, has in the last twelve months reported revenues of 3.2 billion SEK, representing 4% of Sandvik’s total revenues. “I’m pleased that we have found a new owner who will support Hyperion’s continued development. This agreement is an important step in focusing Sandvik on its core businesses. The divestment creates
