The
"The internal separation of SMT is proceeding as planned and the previously communicated reasons for a distribution and listing remain relevant. We believe that both Sandvik and Sandvik Materials Technology can develop more favorably on their own", says
As previously communicated, The Board intends to formally propose the distribution and listing at a shareholders' meeting next year.
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
https://news.cision.com/sandvik/r/sandvik-targets-sandvik-materials-technology-listing-in-q2-or-q3-2022,c3434596
https://mb.cision.com/Main/208/3434596/1482150.pdf
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