Sandvik has completed the previously announced divestment of
As earlier announced, Sandvik will remain a minority owner of 30% of the company and hold a position on the board. The contribution to Sandvik's earnings per share from the minority ownership, reported in associated companies, would have been limited based on 2019 results.
In the results for the fourth quarter 2019, Sandvik reported a related write-down of net -
As of the second quarter of 2020 Other Operations will not include any active operations. The minority owned company will be incorporated in Group Activities.
For further information, contact
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Sandvik is a high-tech and global engineering group offering products and services that enhance customer productivity, profitability and sustainability. We hold world-leading positions in selected areas - tools and tooling systems for metal cutting; equipment and tools, service and technical solutions for the mining industry and rock excavation within the construction industry; products in advanced stainless steels and special alloys as well as products for industrial heating. In 2019, the Group had approximately 40,000 employees and revenues of about
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