Sandvik has signed an agreement to acquire the mining-related business of Schenck Process Group (SP Mining). SP Mining is one of the market leaders in screening, feeding and screening media solutions in the industry. The company will become part of Sandvik’s stationary crushing and screening division under Sandvik Rock Processing Solutions (SRP).
“I am pleased that we continue to execute on our shift to growth strategy by expanding our core offering in a profitable niche, as well as strengthening the aftermarket share within rock processing,” Sandvik President and CEO Stefan Widing said. “This validates our strategy when forming the Sandvik Rock Processing business area, and it allows us to bring value to a larger part of our mining customers’ value chain.”
SP Mining is a global provider of high-capacity screening solutions, complementary to Sandvik’s offering, and has an aftermarket business that includes application support, screen refurbishment, product engineering design and manufacturing and digital support services. Main R&D and production sites are located in Australia, with additional production units in South Africa, Brazil and China.
“SP Mining’s proven range of high-capacity screens and feeders will complement the Sandvik product range and enhance our position among key customer groups within mining rock processing,” President of Sandvik Rock Processing Solutions Anders Svensson said. “The transaction also gives Sandvik access to a broadened screening media offering, which will add significant potential to our aftermarket business.”
SP Mining has approximately 630 employees. In 2022, the company expects revenues of about EUR 200 million ($211 million) of which approximately 70% is aftermarket. The transaction is expected to close during the fourth quarter of 2022 and is subject to relevant regulatory approvals.
