Sandvik to divest Sandvik Tobler

Sandvik to divest Sandvik Tobler

Sandvik has reached an agreement with the Japanese company Mori Seiki regarding
the divestment of Sandvik Tobler, which is part of the Sandvik Tooling business
area.

Sandvik Tobler has operations in France and develops, produces and sells chucks,
mandrels, clamps and other tools primarily for the automotive and aerospace
industries. The business has sales of about SEK 85 M, with about 80 employees. 

Mori Seiki is a global machine-tool company that manufactures and sell lathes
and multi-axis turning centers to customers within the automotive, aerospace,
energy, engineering and medical industries. Mori Seiki and Sandvik have
cooperated for many years in the field of metal working.

“The divestment of Sandvik Tobler entails the discontinuation of an operation
that is outside the business area´s core operation,” says Anders Thelin,
President of Sandvik Tooling.

The sale is expected to be concluded in January 2008, subject to approval by the
relevant authorities.

Sandviken, 22 November 2007

Sandvik AB; (publ)


For further information, contact Anders Thelin, President Sandvik Tooling, +46
(0)26-26 63 84, 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.