Sandvik to acquire two manufacturers of mobile crushing and screening equipment

Sandvik to acquire two manufacturers of mobile crushing and screening equipment

Sandvik has reached agreement with private equity owners 3i to acquire Extec
Screens and Crushers Ltd, close to Birmingham, UK.  

Simultaneously an agreement has been reached with the majority owner of Fintec
Crushing and Screening Ltd 
(Fintec), close to Belfast, UK, to acquire the company. Sandvik currently has a
minority shareholding in Fintec and will after the completion of this
transaction become the only shareholder.

The acquisitions are expected to be completed during the second quarter of 2007.

Extec and Fintec, respectively, are leading in the design and manufacture of
mobile crushing and screening equipment, including consumables and services to
the international construction industry.

Extec employs 450 people and had a sales of 1800 MSEK in 2006. It has a
manufacturing facilities in Birmingham and Northern Ireland as well as sales and
service facilities in Australia, USA and Germany. 

Fintec employs 325 people and had sales of 560 MSEK in 2006. 

“These acquisitions are in line with the Sandvik's long-term strategy of
continued profitable growth and our aim is to become the leading supplier of
mobile crushing and screening solutions to the market. By acquiring Extec and
Fintec we will extend our customer offering by adding mid-size, and light
crushing and screening equipment and thereby become a strong supplier in this
fast growing industry”, says Lars Josefsson, President Sandvik Mining and
Construction.    

“Extec and Fintec have modern manufacturing facilities, are strong in R & D and
have well developed distribution networks. This in combination with Sandvik's
global resources will make it possible to grow our crushing and screening
business into new markets and service our customers even better”, says Lars
Josefsson.  

Sandviken, 24 April 2007
Sandvik AB; (publ)


For further information contact: 
Lars Josefsson, President, Sandvik Mining and Construction, tel +46 26 26 51 51
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 and sorting 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.

Sandvik Mining and Construction is a business area within the Sandvik Group and
a leading global supplier of machinery, equipment and tools for the mining and
construction industries. Annual sales 2006 amounted to about SEK 25,000 M, with
approximately 12,200 employees.