Sandvik will acquire the mining-related business of Schenck Process Group (SP Mining). SP Mining supplies screen-
ing, feeding and screening media solutions. The company will become part of Sandvik’s stationary crushing and screening division under Sandvik Rock Processing Solutions.
Sandvik said the development was part of its strategy to expand its core offerings in a profitable niche and strengthen the aftermarket share within rock processing. “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,” CEO Stefan Widing said.
With 630 employees, SP Mining is based in Australia, with production units in South Africa, Brazil and China.
The transaction is expected to close in the fourth quarter of 2022.