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Sandvik Divests Conveyor Components as Final Step in Exiting Mining Systems

Published: July 26, 2017 |

[Click image to enlarge]

[Click image to enlarge]

Sandvik has signed an agreement to divest the conveyor components’ parts of the Mining Systems business, including the closely related specialist conveyor systems business in Hollola (Finland), to NEPEAN Conveyors Pty Ltd, a privately owned Australian based company.

As reported, Sandvik signed an agreement to divest the project business in Mining Systems to FLSmidth.

By divesting also the conveyor components’ operations the exit from Mining Systems will be fully executed.

“I am pleased that we now have completed our plan enabling us to further focus on Sandvik’s core businesses. NEPEAN is a truly suitable new owner as they have an ambition to continue to develop this offering”, said Björn Rosengren, president and CEO of Sandvik.

Mining Systems is a supplier of design and engineering of material handling systems with annual sales 2016 of 2.9 billion SEK, of which the conveyor components’ parts corresponded to about 20 percent.

The closing of the transaction is expected by the end of 2017 and is subject to regulatory approvals.

Mining Systems will continue to be reported in discontinued operations. The transaction will have no or limited impact on earnings per share.


About Sandvik
Sandvik is a high-tech and global engineering group offering advanced products and services that enhance customer productivity, profitability and safety. They have 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.

To stop by Sandvik’s website, CLICK HERE


About NEPEAN Conveyors
NEPEAN Conveyors Pty Ltd is part of the NEPEAN, Australia’s leading privately owned engineering, mining services and industrial manufacturing organisation, with 15 operating businesses across three continents (prior to the Sandvik acquisition).

NEPEAN possesses unique capabilities to deliver high value, innovative and sustainable solutions for the world’s leading mining, construction and transport companies. NEPEAN offers customers unrivaled value stemming from our culture of technical excellence and customer focus, leveraging our IP, globally competitive cost base, and consistent delivery of reliable products, delivered on time, and to customer expectations.

To stop by NEPEAN Conveyors’ website, CLICK HERE


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