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 PM Review…

PM Review Spring 2023

Download PDF

Extensive Powder Metallurgy industry news coverage, and the following exclusive deep-dive articles and reports:

  • GKN Powder Metallurgy: A strategic vision for the future of permanent magnets for EVs
  • Building trust in the Powder Metallurgy industry: The role of standardisation and an update on recent work by ISO/TC 119
  • High-volume powder production for Additive Manufacturing: SMS group’s continuous metal powder production process
  • Development of enhanced-performance PM brake pads for high-speed trains by Beijing Tianyishangjia New Material Corp., Ltd.
  • The START project: Creating a sustainable supply chain for green energy harvesting products by Powder Metallurgy
  • World PM2022: Reviewing three innovative methods for metal powder production

The latest news from the world of metal powders, delivered to your inbox

Don't miss any new issue of PM Review, and get the latest industry news. Sign up to our weekly newsletter.

Sign up

Join our community

From the industry…

Discover our magazine archive…

The free-to-access PM Review magazine archive offers unparalleled insight into the world of Powder Metallurgy from a commercial and technological perspective through:

  • Reports on visits to leading PM part manufacturers, metal powder 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

 

Looking for PM production equipment, metal powders, R&D support and more?

Discover suppliers of these and more in our
advertisers’ index and buyer’s guide, available in the back of PM Review magazine.

  • Powders & materials
  • Powder process, classification & analysis
  • PM products
  • Atomisers & powder production technology
  • Compaction presses, tooling & ancillaries
  • Sintering equipment & ancillaries
  • Post-processing
  • Consulting & toll sintering
Download PDF
Share via
Copy link