The Board of Directors of Sandvik AB (publ) (OM:SAND) announced to spin off Sandvik Materials Technology Holding AB in May 2019. Pursuant to the terms of the transaction, every five (5) shares in Sandvik AB will be entitled to one (1) share in off Sandvik Materials Technology Holding AB. In total, 250,877,184 shares in off Sandvik Materials Technology Holding AB will be distributed. Sandvik Materials Technology Holding AB will be renamed Alleima AB and will be listed on Nasdaq Stockholm. For the year ending 2019, Alleima reported revenues of SEK 15.65 billion, net profit of SEK 667 million, operating profit of SEK 1.44 billion, total assets SEK 18.5 billion and total equity of SEK 8.9 billion. The shareholders of Sandvik AB (publ) also supported this transaction. The record date has been set for the transaction as August 29, 2022. Alleima AB is scheduled to list on Nasdaq Stockholm on August 31, 2022. On August 31, 2022, Alleima AB (publ) gone listed on Nasdaq Stockholm.

Sandvik AB (publ) (OM:SAND) completed the spin-off of Alleima AB (publ) (OM:ALLEI) for SEK 11.04 billion on August 31, 2022. Alleima AB commenced trading on Nasdaq Stockholm on August 31, 2022. This marks the start of Alleima as a fully independent company after being part of Sandvik. Skandinaviska Enskilda Banken AB (publ) (OM:SEB A) acted as financial advisor to Sandvik AB (publ).