News: February 2012

Press release: Change in the number of shares and votes

As a result of the share issue in kind implemented by Sandvik AB following the expiry of the extended acceptance period in the takeover offer to the shareholders of Seco Tools AB, the number of shares and votes in the company has increased by 1,208,774.

Press release: Sandvik to divest Sandvik Medical Solutions

Sandvik has reached an agreement with Orchid Orthopedic Solutions (Orchid), owned by Altor Fund III, to divest Sandvik Medical Solutions, a unit within the Sandvik Venture business area with contract manufacturing of medical implants and instruments for orthopaedic and dental applications. In 2011 the operation had sales of approximately 600 MSEK (90 MUSD) and comprised production units in US and UK with about 550 employees.

Press release: Sandvik 150 Corporate Bond oversubscribed within three days

As a step in the anniversary celebrations, Sandvik did offer the opportunity to invest in a Corporate Bond arranged by Handelsbanken.

Book & App release: The Sandvik Journey – The first 150 years

In connection with Sandvik's 150th anniversary the Group has officially released a book called "The Sandvik Journey – The first 150 years".

Press release: Nomination Committee’s proposal regarding the composition of the Board

The Nomination Committee of Sandvik AB proposes as Board members the election of a new Board member Jürgen M Geissinger and the reelection of Olof Faxander, Johan Karlström, Fredrik Lundberg, Hanne de Mora, Anders Nyrén, Simon Thompson and Lars Westerberg. Anders Nyrén is proposed as Chairman of the Board.

Press release: Sandvik renews credit facility

Sandvik has concluded an agreement for a guaranteed credit facility with a five-year term, with the option to extend it up to seven years.

Press release: Proposal of long-term incentive program

The Board of Directors of Sandvik AB proposes that the Annual General Meeting resolve on a long-term incentive program for 2012 (LTI 2012) encompassing approximately 350 senior executives and key individuals within the Group, on substantially the same terms and conditions as the 2011 long-term incentive program.

Press release: Report on the fourth quarter 2011

See full report (PDF, 373 kB)

Press release: Update on the Seco Tools offer