Sandvik to acquire Chinese supplier of crushing and screening equipment

Sandvik has reached an agreement with the owners of Shanghai Jianshe Luqiao Machinery Co., Ltd. (“SJL” or “the Company”), in Shanghai, China, to acquire 80% of the equity interest in the Company.   The acquisition is expected to be completed within six to nine months, following customary regulatory approvals. SJL is one of the leading companies in the design and manufacture of crushing and screening equipment, including consumables and services, to the Chinese mining and construction industries. The Company also has a growing footprint in the international market for competitive and