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Sandvik AB (SAND.ST)

SAND.ST on Stockholm Stock Exchange

161.00SEK
21 Sep 2018
Change (% chg)

1.85kr (+1.16%)
Prev Close
159.15kr
Open
159.60kr
Day's High
161.80kr
Day's Low
159.50kr
Volume
460,297
Avg. Vol
2,822,238
52-wk High
165.75kr
52-wk Low
136.10kr

Latest Key Developments (Source: Significant Developments)

Sandvik Acquires The U.S.-Based Custom Electric Manufacturing
Wednesday, 1 Aug 2018 

Aug 1 (Reuters) - Sandvik AB ::SANDVIK ACQUIRES THE US-BASED CUSTOM ELECTRIC MANUFACTURING.ACQUIRES PRIVATELY OWNED CUSTOM ELECTRIC MANUFACTURING CO., HEADQUARTERED IN WIXOM, MICHIGAN, USA..TRANSACTION WAS CLOSED TODAY.BUSINESS WILL BE REPORTED AS PART OF PRODUCT AREA KANTHAL WITHIN BUSINESS AREA SANDVIK MATERIALS TECHNOLOGY.IN 2017, THE COMPANY HAD REVENUES OF 5.2 MILLION USD.  Full Article

Sandvik completes purchase of Metrologic Group
Wednesday, 4 Jul 2018 

July 4 (Reuters) - Sandvik AB ::SANDVIK COMPLETES THE ACQUISITION OF METROLOGIC GROUP.SANDVIK AB SAYS IN FISCAL YEAR 2017, METROLOGIC GROUP GENERATED REVENUES OF 43.3 MILLION EUR WITH AN OPERATING MARGIN WHICH WOULD HAVE BEEN SLIGHTLY ACCRETIVE TO OPERATING MARGIN OF SANDVIK MACHINING SOLUTIONS.  Full Article

Sandvik Acquires U.S drill tools-maker Inrock
Monday, 2 Jul 2018 

July 2 (Reuters) - Sandvik AB ::SANDVIK ACQUIRES INROCK, A LEADING ROCK DRILLING TOOLS SUPPLIER.IN 2017 INROCK HAD REVENUES OF 46 MILLION USD AND 70 EMPLOYEES.IMPACT ON EARNINGS PER SHARE WILL INITIALLY BE NEUTRAL TO SLIGHTLY POSITIVE.  Full Article

Sandvik sells stainless wire business in 183 mln SEK deal
Tuesday, 19 Jun 2018 

June 19 (Reuters) - Sandvik AB ::SANDVIK DIVESTS ITS STAINLESS WIRE BUSINESS.SAYS REVENUES FOR STAINLESS WIRE BUSINESS AMOUNTED TO 310 MILLION SEK IN 2017 AND ENTERPRISE VALUE IS 183 MILLION SEK.SAYS AGREEMENT TO DIVEST ITS STAINLESS WIRE BUSINESS TO ZAPP GROUP, A GERMAN FAMILY-OWNED LEADING SUPPLIER OF ADVANCED METAL PRODUCTS.  Full Article

Sandvik Divests Ownership In Joint Venture Fagersta Stainless
Tuesday, 15 May 2018 

May 15 (Reuters) - SANDVIK AB ::SANDVIK DIVESTS OWNERSHIP IN JOINT VENTURE FAGERSTA STAINLESS.SAYS IMPACT ON SANDVIK'S EARNINGS PER SHARE IS EXPECTED TO BE NEUTRAL..  Full Article

Outokumpu Acquires Fagersta Stainless Wire Rod Mill In Sweden
Tuesday, 15 May 2018 

Outokumpu Oyj ::OUTOKUMPU ACQUIRES FAGERSTA STAINLESS WIRE ROD MILL IN SWEDEN.OUTOKUMPU ACQUIRES FAGERSTA STAINLESS WIRE ROD MILL IN SWEDEN.FAGERSTA STAINLESS IS CURRENTLY A 50/50 JOINT VENTURE OWNED BY OUTOKUMPU AND SANDVIK MATERIALS TECHNOLOGY..OUTOKUMPU AND SANDVIK HAVE SIGNED AN AGREEMENT FOR OUTOKUMPU TO PURCHASE FULL OWNERSHIP OF FAGERSTA STAINLESS WIRE ROD MILL.CASH CONSIDERATION OF TRANSACTION IS EUR 18 MILLION..OWNERSHIP WILL INCREASE TO 90 PER CENT AT END OF JUNE 2018 AND TO 100 PER CENT AT END OF 2019.  Full Article

Sandvik To buy Metrology Software Company Metrologic Group for 360 mln euros
Friday, 27 Apr 2018 

April 27 (Reuters) - Sandvik AB ::SANDVIK TO ACQUIRE METROLOGY SOFTWARE COMPANY METROLOGIC GROUP.SANDVIK AB SAYS SANDVIK INTENDS TO ACQUIRE FRENCH SOFTWARE COMPANY METROLOGIC GROUP FROM ASTORG PARTNERS AT A PRICE OF 360 MILLION EUR, ON A CASH AND DEBT FREE BASIS.SANDVIK AB SAYS IN ITS FISCAL YEAR ENDING IN SEPTEMBER 2017 METROLOGIC GROUP GENERATED REVENUES OF 43.3 MILLION EUR WITH AN EBITDA MARGIN WHICH WOULD BE ACCRETIVE TO THAT OF SANDVIK MACHINING SOLUTIONS.SANDVIK AB SAYS IMPACT ON EARNINGS PER SHARE WILL INITIALLY BE NEUTRAL TO SLIGHTLY POSITIVE..  Full Article

Sandvik to sell Hyperion to KKR for SEK 4 bln
Friday, 8 Dec 2017 

Dec 8 (Reuters) - Sandvik Ab ::SANDVIK HAS SIGNED AN AGREEMENT TO DIVEST HYPERION.SAYS ‍SANDVIK HAS SIGNED AN AGREEMENT TO DIVEST HYPERION TO US LISTED INVESTMENT FIRM KKR AT A PRICE OF SEK 4 BILLION ($472.19 MILLION).SAYS ‍AGREEMENT TO DIVEST HYPERION TO US LISTED INVESTMENT FIRM KKR <<>> AT A PRICE OF 4 BILLION SEK​.SAYS ‍HYPERION, WITH APPROXIMATELY 1,400 EMPLOYEES, HAS IN LAST TWELVE MONTHS REPORTED REVENUES OF 3.2 BILLION SEK, REPRESENTING 4% OF SANDVIK'S TOTAL REVENUES​.SAYS CLOSING OF TRANSACTION IS EXPECTED DURING FIRST HALF OF 2018.SAYS UPON CLOSING, TRANSACTION WILL GENERATE A CAPITAL GAIN.  Full Article

Sandvik completes Mining Systems divestment
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - Sandvik :Sandvik completes the Mining Systems divestment.Says closing of the transactions will have no impact on earnings per share.  Full Article

Sandvik Materials Technology sells welding wire business to ESAB
Monday, 30 Oct 2017 

Oct 30 (Reuters) - Sandvik AB :Sandvik Materials Technology divests its welding wire business.Says ‍agreement to divest welding wire operations to ESAB.Says ‍cash flow impact from transaction is expected to be positive.Says ‍closing of divestment is estimated to be completed within 2-4 months, following customary closing conditions.Revenues for the welding wire business amounted to 470 million SEK in 2016.Says ‍process to exit stainless wire business, with about 270 million SEK in sales 2016, is progressing according to plan.​.​.  Full Article

Epiroc takes steps to lift capacity as second quarter tops forecasts

STOCKHOLM Swedish mining equipment maker Epiroc reported a larger than expected rise in second-quarter earnings and order intake on Thursday and said it was seeing particularly strong demand growth in South America, Africa and the Middle East.