Sandvik acquires medtech company

Sandvik acquires medtech company

Sandvik Materials Technology has acquired the medical technology company JKB
Medical Technologies in the US.

JKB Medical Technologies is a leading contract manufacturer of spinal implants
and medical instruments. Implants represent approximately 80% of sales. The
products are manufactured from titanium alloy and high-alloy stainless
materials. Its customers comprise globally leading medical technology companies
that sell directly to hospitals and medical clinics.
The company has sales of about SEK 90 M (USD 14 M) and the number of employees
is 90. Operations are conducted from the main plant in Milford, Connecticut, and
the recently established plant in Memphis, Tennessee, both in the US.
The acquisition further strengthens Sandvik's position in the strategically
important and rapidly expanding medical segment.

“The acquisition is another important step in our efforts to become a strategic
partner and complete supplier to globally leading medical technology companies.
JKB Medical Technologies' core expertise and product program represent an
excellent complement to Sandvik's existing operation and product offering within
the medical area. Through Sandvik's knowledge within the areas of materials
technology and machining, it will be possible to further develop JKB Medical
Technologies' product program,” says Peter Gossas, President of Sandvik
Materials Technology.

The acquisition will be consolidated from 14 December 2007.
Sandviken, 14 December, 2007
Sandvik AB; (publ)


For further information contact Peter Gossas, President of Sandvik Materials
Technology business area, 
+46 (0)26-26 36 28 or Jan Lissåker, Vice President Investor Relations, Sandvik
AB, 
+46 (0)26-26 10 23.

Sandvik is a global industrial group with advanced products and world-leading
positions in selected areas - tools for metal cutting, machinery and tools for
rock excavation, stainless materials, special alloys, metallic and ceramic
resistance materials as well as process systems. The Group had at the end of
2006 about 42,000 employees and representation in 130 countries, with annual
sales of more than SEK 72,000 M (USD 11,000 M).

Sandvik Materials Technology is a business area within the Sandvik Group and a
world-leading manufacturer of advanced special alloys and ceramic materials. The
business area develops and supplies innovative products and system solutions to
a number of industries in which high demands are imposed on safety, performance
and productivity. Annual sales in 2006 amounted to about SEK 19,300 M (USD 3,000
M), with 8,600 employees. The product areas comprise Medtech, Tube, Strip, Wire,
Kanthal and Process Systems.