Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Sweden
  4. Nasdaq Stockholm
  5. Sandvik AB
  6. News
  7. Summary
    SAND   SE0000667891

SANDVIK AB

(SAND)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Sandvik : has acquired the medical wire forming company Accuratech Group

10/11/2021 | 11:02am EST

Sandvik has acquired the Swiss based company Accuratech Group, a niched medical wire forming and component manufacturer. The product offering includes ultra-fine wires and micro-tubes, semi-finished wire components, electroplating and other products and services mainly used for the medical industry. The company will be reported in Kanthal, a division in Sandvik Materials Technology.

'I am pleased that we are continuing to execute on our shift to growth strategy. This acquisition is an important step for Sandvik Materials Technology in the preparations to become a separately listed company. With its increased focus on areas with high growth and strong earnings potential, Sandvik Materials Technology is strengthening their position for the future', says Stefan Widing, President and CEO of Sandvik.

'The medical sector is one of Sandvik Materials Technology's defined areas of growth, and through this acquisition we are strengthening our position by adding wire forming and component manufacturing capabilities. The geographical footprint of Accuratech will increase our ability to support our customers in EMEA', says Goran Bjorkman, President of Sandvik Materials Technology.

Accuratech Group is headquartered in Burgdorf, Switzerland and conducts its business through three entities; Polyfil AG, Galvarex S.A and Polyflex s.r.l., with around 50 employees. In 2020 Accuratech Group had revenues of approximately SEK 75 million, with an EBIT margin neutral to Sandvik Materials Technology. The parties have agreed not to disclose the purchase price. Impact on Sandvik's earnings per share will initially be neutral.

Sandvik AB

For further information, contact Louise Tjeder, Vice President Investor Relations, phone: +46 70 782 6374 or Johannes Hellstrom, Press and Media Relations Manager, phone: +46 70 721 1008.

(C) 2021 Electronic News Publishing, source ENP Newswire

All news about SANDVIK AB
12/02Seco Virtual Event Gives Aerospace Manufacturers Viable Solutions to Real-Life Challeng..
AQ
12/02Sandvik to Acquire Australian Software Firm Deswik
MT
12/02Sandvik to acquire leading mine planning software company Deswik and launch new Digital..
AQ
11/25Sandvik To Acquire Canadian Company ICAM
MT
11/25Sandvik to acquire software provider ICAM
AQ
11/22Sweden's Sandvik To Buy US-Based Tool Maker GWS Under New Growth Strategy
MT
11/22Sandvik to acquire US based round tools manufacturer GWS Tool Group
AQ
11/22SANDVIK AB (OM : SAND) signed an agreement to acquire GWS Tool Holdings, LLC from L Square..
CI
11/19Sandvik Raises $567 Million Via Oversubscribed Bond Issue
MT
11/19Sandvik raises EUR 500 million in the corporate bond market
AQ
More news
Analyst Recommendations on SANDVIK AB
More recommendations
Financials
Sales 2021 96 924 M 10 622 M 10 622 M
Net income 2021 14 198 M 1 556 M 1 556 M
Net Debt 2021 16 394 M 1 797 M 1 797 M
P/E ratio 2021 20,2x
Yield 2021 2,36%
Capitalization 288 B 31 408 M 31 507 M
EV / Sales 2021 3,14x
EV / Sales 2022 2,65x
Nbr of Employees 42 090
Free-Float 97,3%
Chart SANDVIK AB
Duration : Period :
Sandvik AB Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends SANDVIK AB
Short TermMid-TermLong Term
TrendsNeutralBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 23
Last Close Price 229,20 SEK
Average target price 258,18 SEK
Spread / Average Target 12,6%
EPS Revisions
Managers and Directors
Stefan Widing President, Chief Executive Officer & Director
Cecilia Felton Chief Financial Officer & VP-Group Control
Johan Molin Chairman
Lars Erik Westerberg Independent Director
Jennifer Margaret Allerton Independent Director
Sector and Competitors
1st jan.Capi. (M$)
SANDVIK AB14.65%32 011
ATLAS COPCO AB33.22%71 876
TECHTRONIC INDUSTRIES COMPANY LIMITED55.33%39 449
FANUC CORPORATION-9.13%39 263
PARKER-HANNIFIN CORPORATION11.94%39 188
STANLEY BLACK & DECKER, INC.-1.08%28 798