Sandvik moves towards separate listing of Sandvik Materials Technology

October 18, 2020

The board of directors of Sweden’s Sandvik AB has announced that, following the completion of the internal separation of Sandvik Materials Technology (SMT), the group will proceed with the preparation to distribute SMT to Sandvik’s shareholders, and list the company’s shares on the Nasdaq Stockholm Exchange.

The board reportedly intends to propose the distribution and listing of the SMT shares at a shareholders’ meeting in 2022, provided that the circumstances are deemed right at the time. The intended distribution of shares is expected to meet the Lex Asea requirements and is subject to approval by Sandvik’s shareholders.

“The board believes that both Sandvik and Sandvik Materials Technology can develop more favourably on their own. Both Sandvik and SMT are well positioned within their areas and we believe this will improve long-term shareholder value. However, a listing should be done when circumstances are favourable,” stated Johan Molin, Chairman of the Sandvik Board of Directors.

“Sandvik Materials Technology is leading in its field, I’m convinced that this is the right direction for SMT and for Sandvik,” added Stefan Widing, President and CEO of Sandvik.

“I’m very pleased with that the Sandvik Board of Directors has taken this decision today. It is an important step towards an exciting future,” stated Göran Björkman, President of Sandvik Materials Technology.

www.sandvik.com

In the latest issue of Metal AM magazine

Download PDF
 

Extensive AM industry news coverage, as well as the following exclusive deep-dive articles:

  • LEAP 71: Why engineering must move beyond CAD to realise the promise of AI and Additive Manufacturing
  • Additive Manufacturing and European defence: a critical opportunity as the US and China accelerate ahead
  • A market analyst’s view: Europe’s opportunity as defence AM surges in the US and China
  • From Fixed Processes to flight parts: How REM’s advanced surface finishing supports NASA JPL’s AM innovations
  • The future of large metal parts: WAAMathon #2 showcases developments in Wire Arc Directed Energy Deposition
  • Wire Electron Beam Directed Energy Deposition (DED): Advancing productivity and sustainability in metal AM
  • Building trust in AM: How Qualified AM GmbH is enabling regulated production at scale

TRUSTED CONTENT. TARGETED AUDIENCE

Advertise with Metal AM and access a global base of 50,000+ AM professionals.

Contact Jon Craxford: [email protected]

  • AM machines
  • Process monitoring & calibration
  • Heat treatment & sintering
  • HIP systems & services
  • Pre- & post-processing technology
  • Powders, powder production and analysis
  • Part manufacturers
  • Consulting, training & market data

Don’t miss a thing – register for our newsletter

Don't miss any new issue of Metal AM magazine, and get the latest industry news. Sign up to our twice weekly newsletter.

Register now

Join 40,000+ other AM professionals – follow us online

About Metal Additive Manufacturing magazine

Metal AM magazine, published quarterly in digital and print formats, is read by a rapidly expanding international audience.

Our audience includes component manufacturers, end-users, materials and equipment suppliers, analysts, researchers and more.

In addition to providing extensive industry news coverage, Metal AM magazine is known for exclusive, in-depth articles and technical reports.

Our focus is the entire metal AM process from design to application.

Each issue is available as an easy-to-navigate digital edition and a high-quality print publication.

Discover our magazine archive…

The free to access Metal Additive Manufacturing magazine archive offers unparalleled insight into the world of metal Additive Manufacturing from a commercial and technological perspective through:

  • Reports on visits to leading metal AM part manufacturers and industry suppliers
  • Articles on technology and application trends
  • Information on materials developments
  • Reviews of key technical presentations from the international conference circuit
  • International industry news

All past issues are available to download as free PDFs or view in your browser.

Browse the archive

Share via
Copy link
Powered by Social Snap