Sandvik Acquires TechnoPartner Samtronic GmbH
SANDVIKEN, Sweden -- September 24, 2013
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,
“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 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 – 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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Pär Altan, VP External Communication
+46 8456 12 37
Magnus Larsson, VP Investor Relations
+46 26456 12 40
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