Sandvik agrees to divest Sandvik Process Systems
12 June 2017
Sandvik has signed an agreement to divest Sandvik Process Systems to FAM AB, owned by the three largest Wallenberg foundations, at a price of 5.0 billion SEK.
Sandvik Process Systems delivers advanced industrial process solutions based on high-end steel belts, steel belt based equipment and process solutions within adjacent technologies.
Sandvik Process Systems will remain reported in other operations in the Sandvik financial statements.
The closing of the transaction is expected no later than early 2018.