Sandvik to acquire rock tools supplier Tricon Drilling Solutions

June 23, 2021

Sandvik AB, Stockholm, Sweden, has signed an agreement to acquire Tricon Drilling Solutions Pty Ltd, a privately-owned supplier of rock tools for the mining industry based in Perth, Australia. The companies have agreed not to disclose the financial details for the agreement, which is expected to close in the third quarter of 2021.

“I am pleased that we continue to deliver on our active acquisition agenda, and I look forward to welcoming Tricon to Sandvik,” stated Henrik Ager, president of Sandvik Mining and Rock Solutions.

Tricon’s product offerings include rotary bits, DTH (Down-The-Hole) hammers and bits, as well as full rotary and DTH drill strings. The company designs its rotary bits in-house, but outsources manufacturing; Sandvik is one of these rotary bit suppliers. Drill string products are produced in Tricon’s own facility.

Tricon will continue to operate as an independent, standalone business unit within the Rock Tools division of Sandvik Mining and Rock Solutions.

www.triconds.com.au

www.home.sandvik/en

In the latest issue of PM Review…

Download PDF

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

  • “Scrap is the new gold” and other hardmetal and hard materials insights from Euro PM2023 Congress, Lisbon
  • IperionX: A Powder Metallurgy route to lower-cost recycled titanium plate, billet, bar and preforms with reduced CO2 emissions
  • A review of the sintering of iron-copper-carbon alloys for structural Powder Metallurgy applications

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

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
View online
Share via
Copy link