Sandvik Acquires TechnoPartner Samtronic GmbH
September 24 2013 - 3:21AM
Business Wire
Regulatory News:
Sandvik (STO:SAND):
Sandvik Venture has acquired the German company TechnoPartner
Samtronic GmbH, (TPS), a manufacturer of scattering machines and
double belt presses. The companyâs 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 Sandvikâs
position in the composites segment. In turn, this will strengthen
Sandvikâs 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 GÃppingen, Germany.
âThe acquisition is in line with Sandvikâs 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,â 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.
The Sandvik Group Sandvik is a global industrial group with
advanced products and world-leading positions in selected areas â
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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SandvikPär Altan, VP External Communication+46 8 456 12
37orMagnus Larsson, VP Investor Relations+46 26Â 456 12 40
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