Sandvik has signed an agreement to acquire the mining related business of Schenck Process Group (SP Mining). SP Mining offers screening, feeding and screening media solutions. The company will be reported in Stationary Crushing and Screening, a division in Sandvik Rock Processing Solutions (SRP).
“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. 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,” Stefan Widing, president and CEO of Sandvik, stated.
SP Mining is a global provider of high-capacity screening solutions, complementary to Sandvik’s offering, and with a strong aftermarket business which includes application support, screen refurbishment, product engineering design and manufacturing and digital support services. SPMining’s R&D and production sites are located in Australia, with additional production units in South Africa, Brazil and China.
The transaction is expected to close during fourth quarter of 2022 and is subject to relevant regulatory approvals.