July 14, 2020
Sandvik Mining and Rock Technology has signed an agreement to acquire Allied Construction Products, a US distributor of hydraulic hammers to the construction and mining industries and manufacturer of Compactor plates and mounting brackets.
Sandvik, which already owned 21% of the company, has had a strategic partnership in place with Allied since 2003 whereby Allied distributed Rammer products to the US market. According to Sandvik, its products generate about 80% of Allied’s revenues.
The acquisition of Allied establishes an enhanced sales, service and support platform for the growing North American customer base, Sandvik said.
“It also enables Sandvik to expand the existing dealer network into new regions and to penetrate new customer segments with a broader product offering,” the company added. “Allied will obtain additional strength and access to cutting-edge technology.”
In 2019, Allied generated revenues of around $29 million with 38 employees, Sandvik said.
The parties have agreed not to disclose the purchase price and the transaction is expected to close during the September quarter.
This is a common typical case of hoisting.(Friends who want to fast forward can skip directly to the end of the article to watch the video.),Because our construction is developing too fast.,Many factories built more than a decade or two ago are facing
September 19,Party Secretary of Shaanxi Construction Machinery Co., Ltd.、Chairman Yang Hongjun, Chairman of Beijing New Future International Trade Co., Ltd.、Accompanied by Fan Cheng, deputy general manager of Shaanxi Cons
Yang Xianjin and His Party Visited Yuchai Nanning Base for Investigation,He also visited alumni working in Yuchai.。Both sides said,Tianjin University and Yuchai Group hav
Recently,China Federation of Industrial Economics(Hereinafter referred to as“China Federation of Industry and Economics”)It was released at the 2nd China Industrial High Quality Development Forum.22 2024 China Industrial Data Governance&ldq
Copyright Notice 2002-2024 global-ce.com Construction Machinery Online. All rights reserved.
Address: Room 901, Building C, Ruipu Mansion, Hongjunying South Road No.15, Chaoyang District, Beijing.100107 P.R.China