Sandvik AB - Company Profile

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Sandvik AB: Overview

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Sandvik AB (Sandvik) is a global engineering group that provides solutions to enhance productivity, profitability, and sustainability in the manufacturing, mining, and infrastructure industries. The company's main activities include the development and supply of equipment, tools, parts, services, digital solutions, and technologies. Sandvik's major products and services are centered around mining equipment, rock processing solutions, and machining and intelligent manufacturing tools. Sandvik's products and services are utilized by customers in various industries, including mining, infrastructure, and manufacturing, to improve efficiency and sustainability. The company operates through a decentralized structure with a global distribution network. Sandvik's geographic presence spans multiple countries, targeting markets in regions such as North America, Europe, and Asia. Sandvik is headquartered in Stockholm, Sweden.

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Headquarters Sweden
Address Kungsbron 1, Sektion G, plan 5, Stockholm, 11122
Website www.home.sandvik
Telephone 46 8 4561100
No of Employees 41,962
Industry Industrial Goods and Machinery
Ticker Symbol & Exchange SAND (STO)
Revenue (2024) $12.3B -1.8% (2024 vs 2023)
EPS XYZ
Net Income (2024) XYZ 20% (2024 vs 2023)
Market Cap* $46.0B
Net Profit Margin (2024) XYZ 22.2% (2024 vs 2023)
* As of and is in US$
View Sandvik AB financials
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Sandvik AB premium industry data and analytics

15+

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

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Products and Services

Products Services Brands
Mining and Rock Excavation Equipment and Tools Digital Manufacturing Solutions Sandvik
Metal Cutting Tools and Tooling Systems Rock Drills Services Sandvik Coromant
Tungsten Powder and Recycling of Tools Rock Tools Services Dormer Pramet
XYZ XYZ XYZ
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
2026 Contracts/Agreements In July, the company secured a large underground equipment order from Constructora Minera Villagomez S.A. de C.V. for use at several of its contract sites across Mexico for SEK340 million.
2026 Asset Purchase In July, the company acquired Mastercam India and select assets of CAD/CAM CONSULTING SERVICES INC.
2026 Contracts/Agreements In June, the company entered into an agreement to acquire Diemme Filtration, an industrial equipment supplier.
Dive into past operations, including product releases, deals, acquisitions & more Dive into past operations, including product releases, deals, acquisitions & more Learn more
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Competitor Comparison

Key Parameters Sandvik AB Mitsubishi Corp Caterpillar Inc Komatsu Ltd Epiroc AB
Headquarters Sweden Japan United States of America Japan Sweden
City Stockholm Chiyoda-Ku Irving Minato Nacka
State/Province Stockholm Tokyo Texas Tokyo Stockholm
No. of Employees 41,962 63,037 118,000 66,697 19,086
Entity Type Public Public Public Public Public
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Chart Financial activity with access to more key stats Chart Financial activity with access to more key stats Learn more
Executives
Name Position Board Since Age
Johan Molin Chairman Executive Board 2015 67
Stefan Widing Director; Chief Executive Officer; President Executive Board 2020 49
Cecilia Felton Chief Financial Officer; Executive Vice President Senior Management 2022 42
Sofia Sirvell Executive Vice President; Chief Digital Officer Senior Management 2023 52
Nadine Crauwels President - Machining Business Area Senior Management 2020 55
Non Dignissim Eros Proin vel Convallis 2026 XY
Non Dignissim Eros Proin vel Convallis 2026 XY
Non Dignissim Eros Proin vel Convallis 2026 XY
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