Sandvik's acquisition of
On
Rocbolt Technologies will be reported in the Ground Support Division of business area Sandvik Mining and Rock Solutions.
In 2020,
The DSI acquisition, including purchase price allocation, accounting treatments related to the acquisition, and full consolidation of the three JVs, will in total be dilutive to the EBIT margin for Sandvik Mining and Rock Solutions by up to 300 basis points during the second half of 2021. In 2022 the EBIT margin for Sandvik Mining and Rock Solutions will be diluted around 170 basis points.
Both parties have agreed not to disclose the purchase price.
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 2020 the Group had approximately 37,000 employees and revenues of about
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