Products Center
More Products

Sandvik completes the acquisition of Allied Construction

October 03, 2020

Sandvik completes the acquisition of Allied Construction

Sandvik has completed the previously announced acquisition of Allied Construction Products LLC (Allied), a US distributor of hydraulic hammers to the construction and mining industries and manufacturer of Compactor plates and mounting brackets.

In 2019 the company generated revenues of approximately 29 million USD with 38 employees. Sandvik was already a 21% minority shareholder of the company and Sandvik’s products generated about 80% of Allied’s revenues.

The deal is neutral to Sandvik’s earnings per share from the start.

Stockholm, 2 October 2020

Sandvik AB

For further information, contact Emelie Alm, Investor Relations Officer, phone: +46 79 060 8717 or Martin Blomgren, Press and Media Relations Manager, phone: +46 70 577 0549.

Sandvik completes the acquisition of Allied Construction (PDF)

Featured

more

Construction Machinery Online

Language Options

E-Mail: alina@global-ce.com TEL: 0086-10-84673349 FAX: 0086-10-84673349
Site: International - China - U.S.A - Russia - France - Spain - Portugal - India - Germany - Saudi Arabia - Indonesia

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