Sandvik has agreed to buy SP Mining, Schenck Process Group’s mining division and a market leader in the sector when it comes to screening, feeding, and screening media solutions.
With around 630 employees, SP Mining expects revenues of around EUR 200 million in 2022.
The transaction is scheduled to close during the fourth quarter of 2022 and is subject to relevant regulatory approvals.
“I am pleased that we continue to execute on our shift to growth strategy by expanding our core offering in a profitable niche, as well as strengthening the aftermarket share within rock processing. This validates our strategy when forming the Sandvik Rock Processing business area, and it allows us to bring value to a larger part of our mining customers’ value chain”, said Stefan Widing, President and CEO of Sandvik, in a media release.
“SP Mining’s proven range of high-capacity screens and feeders will complement the Sandvik product range and enhance our position among key customer groups within mining rock processing. The transaction also gives Sandvik access to a broadened screening media offering, which will add significant potential to our aftermarket business”, added Anders Svensson, President of Sandvik Rock Processing Solutions.
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