SANDVIK has announced it has signed an agreement to acquire the mining-related business of Schenck Process Group (SP Mining).
SP Mining is a global provider of high-capacity screening solutions. The company will be reported in Stationary Crushing and Screening, a division in Sandvik Rock Processing Solutions.
“I am pleased that we continue to execute on our shift to growth strategy by expanding our core offering in a profitable niche, as well as strengthening the aftermarket share within rock processing,” said Stefan Widing, president and CEO of Sandvik. “This validates our strategy when forming the Sandvik Rock Processing business area, and it allows us to bring value to a larger part of our mining customers’ value chain.”
SP Mining’s main R&D and production sites are located in Australia, with additional production units in South Africa, Brazil and China.
“SP Mining’s proven range of high-capacity screens and feeders will complement the Sandvik product range and enhance our position among key customer groups within mining rock processing,” added Anders Svensson, president of Sandvik Rock Processing Solutions. “The transaction also gives Sandvik access to a broadened screening media offering, which will add significant potential to our aftermarket business.”
SP Mining has approximately 630 employees and in 2022 the company expects revenues of about EUR 200 million, of which circa 70% is aftermarket.
The transaction is expected to close during the final quarter of 2022 and is subject to relevant regulatory approvals.