SDVKY - Sandvik to acquire DSI Underground for Euro943M

Sandvik ([[SDVKY]] +1.0%) signed an agreement to acquire DSI Underground, the global leader in ground support and reinforcement products, systems and solutions for the underground mining and tunneling industries, for €943M on a cash and debt free basis.The company will be reported in Sandvik Mining and Rock Solutions.With 70 countries presence, DSI Underground has 22 production units situated close to end customers with product offering of bolting systems, injection chemicals and resin capsules.For FY20, DSI Underground revenue is expected to be ~€518M and an EBIT margin that to certain extent will be dilutive to Sandvik Mining and Rock Solutions' margin.Transaction expected to close by mid-2021; impact on EPS will be slightly positive.

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Sandvik to acquire DSI Underground for €943M