SDVKF - Sandvik to acquire Schenck Process' mining business with an accretive EBITA margin

Sandvik (OTCPK:SDVKF) signed an agreement to acquire the mining related business of Schenck Process (SP Mining), leaders in screening, feeding and screening media solutions in the industry. The company will be reported in Stationary Crushing and Screening, a division in Sandvik Rock Processing Solutions . SP Mining is a global provider of high-capacity screening solutions, highly complementary to Sandvik's offering, and with a strong aftermarket business which includes application support, screen refurbishment, product engineering design and manufacturing and digital support services. R&D and production sites are located in Australia, with additional production units in South Africa, Brazil and China. The transaction also gives Sandvik access to a broadened screening media offering, which will add significant potential to the aftermarket business. The transaction is expected to close during Q4 of 2022. In 2022, the company expects revenues of ~EUR 200M of which ~70% aftermarket, and an EBITA margin accretive to Sandvik Rock Processing Solutions' margin. Strong synergies

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Sandvik to acquire Schenck Process' mining business with an accretive EBITA margin