Following the approval by competition authorities of the acquisition of Svedala by the Metso Corporation, Sandvik will now acquire Svedala’s crushing and screening units in Sweden and France with assets of SEK550M (US57M). The takeover creates a new business sector, Sandvik Rock Processing, within Sandvik Mining and Construction, a world leading supplier of machinery, tools and service to the mining and construction industry. "Svedala’s products complement our range and are aimed at the same customer group. Through a broader product assortment, we can now offer our customers a highly competitive total solution," said Anders Ilstam, president of Sandvik Mining and Construction whose annual sales are SEK10bn ($9bn).
