SDVKF - Sandvik Completes the Acquisition of Newtrax

SANDVIKEN, Sweden, June 17, 2019 /PRNewswire/ -- Sandvik has completed the previously announced acquisition of Newtrax, a supplier of technology in wireless connectivity to monitor and provide insights on underground mining operations, including people, machines and the environment.

Newtrax is headquartered in Montréal, Canada, and in 2018 Newtrax generated revenues of about 26 million CAD with 120 employees. The deal is initially slightly accretive to earnings per share.

Stockholm, 17 June 2019

Sandvik AB

For further information, contact

Ann-Sofie Nordh
Vice President Investor Relations
phone: +46-8-456-14-94

or
Martin Blomgren
Press and Media Relations Manager
phone: +46-70-577-0549

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SOURCE Sandvik