Sandvik AB - Company Profile

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Sandvik AB: Overview

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Sandvik AB (Sandvik) is a high-technology engineering company, which specializes in material technology and industrial processes. The company’s major offerings include metal cutting tools and tooling systems; mining and rock excavation equipment; stainless steel and titanium; furnace products and heating systems; and digital manufacturing solutions. The company caters to various sectors including aerospace, automotive, construction, general engineering, mining, nuclear power generation, oil and gas, process industry and renewable energy. The company sells its products through a network of direct sales force and distributors in the Americas, Europe, Africa, the Middle East and Asia-Pacific. Sandvik is headquartered in Stockholm, Sweden.

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Headquarters Sweden
Address Kungsbron 1, Section D, Plan 5, Stockholm, 11122
Website www.home.sandvik
Telephone 46 8 4561100
No of Employees 40,877
Industry Industrial Goods and Machinery
Ticker Symbol & Exchange SAND (STO)
Revenue (2022) $11.9B 12.6% (2022 vs 2021)
EPS XYZ
Net Income (2022) XYZ 36.4% (2022 vs 2021)
Market Cap* $27.6B
Net Profit Margin (2022) XYZ 21.1% (2022 vs 2021)
* As of and is in US$
View Sandvik AB financials
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Sandvik AB premium industry data and analytics

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Construction Projects

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1

Project Contacts

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7

IT Services Contracts

Improve competitive bidding with insights into all publicly disclosed IT services contracts for Sandvik AB (including IT outsourcing, business process outsourcing, systems integration & consulting and more).

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ICT Spend & Tech Priorities

IT Client Prospector provides intelligence on Sandvik AB’s likely spend across technology areas enabling you to understand the digital strategy.

Products and Services

Products Services Brands
Metal Cutting Tools and Tooling Systems Digital Manufacturing Solutions Sandvik
Mining and Rock Excavation Equipment and Tools Sandvik Coromant
Additive Manufacturing Dormer Pramet
XYZ XYZ
XYZ XYZ
XYZ XYZ
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History

History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.

Year Event Description
2024 Contracts/Agreements In April, the company entered into an agreement to acquire Almu Prazisions-Werkzeug GmbH, a cutting tools and solutions provider.
2024 Acquisitions/Mergers/Takeovers In March, the company acquired Cimquest, a reseller of Computer Aided Manufacturing solutions.
2024 Contracts/Agreements In March, Sandvik Mining and Rock Solutions in partnership with Codelco secured an order for its AutoMine load and haul solution for the Andesita project at El Teniente mine in Chile.
Dive into past operations, including product releases, deals, acquisitions & more Dive into past operations, including product releases, deals, acquisitions & more Find out more
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Competitor Comparison

Key Parameters Sandvik AB Mitsubishi Corp Nippon Steel Corp Komatsu Ltd DSV AS
Headquarters Sweden Japan Japan Japan Denmark
City Stockholm Chiyoda-Ku Chiyoda-Ku Minato-Ku Hedehusene
State/Province - Tokyo Tokyo Tokyo -
No. of Employees 40,877 79,706 106,068 64,343 73,577
Entity Type Public Public Public Public Public
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Executives
Name Position Board Since Age
Johan Molin Chairman Executive Board 2015 64
Stefan Widing President; Chief Executive Officer; Director Executive Board 2020 46
Cecilia Felton Chief Financial Officer; Executive Vice President Senior Management 2022 39
Sofia Sirvell Chief Digital Officer Senior Management 2023 49
Johan Kerstell Executive Vice President; Head - Human Resources Senior Management 2016 53
Non Dignissim Eros Proin vel Convallis 2024 XY
Non Dignissim Eros Proin vel Convallis 2024 XY
Non Dignissim Eros Proin vel Convallis 2024 XY
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