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Sandvik Exits from the Project Business in Mining Systems

In 2016, the operations had annual sales of SEK 2,9 billion. Sandvik’s plan to exit Mining Systems is as follows: the project part of the business related to mining industry is being divested to FLSmidth. Ongoing orders and deliveries related to the non­-mining material handling project busi­ness (mainly harbour projects) and some mining projects will be delivered by Sandvik through an operational agreement with FLSmidth. The projects are expected to be finalized during 2017–2019. The transac­tion is subject to regulatory approvals.


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