Sandvik announced on 21 December 2010 an agreement with the owners of
Shanghai Jianshe Luqiao Machinery Co. Ltd. (SJL) to acquire 80 % of the
equity interest in the company with the established trademark SHANBAO.
The company has about 1 000 employees and invoicing in 2010 was close to
1 billion SEK.
The acquisition was completed on 9 October 2011 and will be consolidated
into Sandvik Mining and Construction as of the same date. The work to
integrate the SJL in business area Sandvik Mining and Construction will
From 1 January 2012, the SJL will be a part of the new business area,
Sandviken, 11 October 2011
Sandvik Aktiebolag (publ)
Sandvik AB discloses the information provided herein pursuant to the
Securities Markets Act and/or the Financial Instruments Trading Act. The
information was submitted for publication
at 08.30 CET on 11 October 2011.
For further information contact Thomas Schulz, President Construction
Segment, Sandvik Mining and Construction, tel + 65 64776202 or Jan
Lissåker, Vice President Investor Relations,
Sandvik AB, tel +46 26 26 10 23.