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, special alloys 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.

Headquarters Sweden

Address Kungsbron 1, Section 6, Plan G, Stockholm, 11122


Telephone 46 8 4561100

No of Employees 39,036

Industry Industrial Goods and Machinery

Ticker Symbol & Exchange SAND (STO)

Revenue (2020) $10.0B -0.8% (2020 vs 2019)

EPS XXX

Net Income (2020) XXX 65.6% (2020 vs 2019)

Market Cap* $16.6B

Net Profit Margin (2020) XXX 66.9% (2020 vs 2019)

* As of and is in US$

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IT Services Contracts

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IT Software Contracts

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ICT Spend & Tech Priorities

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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
Stainless Steels, Special Alloys and Titanium Seco
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History

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

Year Event Description
2022 Acquisitions/Mergers/Takeovers In August, the company acquired Sphinx Tools Ltd and its subsidiary P. Rieger Werkzeugfabrik AG.
2022 Contracts/Agreements In August, Sandvik Mining and Rock Solutions received a large order in Chile for surface mining equipment and its AutoMine Surface Drilling solution from Movitec.
2022 Acquisitions/Mergers/Takeovers In August, the company acquired the assets of the US-based Balax.
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Competitor Comparison

Key Parameters Sandvik AB Mitsubishi Corp Nippon Steel Corp DSV AS Komatsu Ltd
Headquarters Sweden Japan Japan Denmark Japan
City Stockholm Chiyoda-Ku Chiyoda-Ku Hedehusene Minato-Ku
State/Province - Tokyo Tokyo - Tokyo
No. of Employees 39,036 80,728 106,528 76,071 62,774
Entity Type Public Public Public Public Public
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Executives
Name Position Board Since Age
Johan Molin Chairman Executive Board 2015 62
Stefan Widing Chief Executive Officer; Director; President Executive Board 2020 44
Cecilia Felton Chief Financial Officer; Executive Vice President Senior Management 2022 -
Anders Svensson Head - Human Resources; Executive Vice President Senior Management 2021 46
Nadine Crauwels President - Sandvik Machining Solutions Senior Management 2020 50
Non Dignissim Eros Proin vel Convallis 2022 XX
Non Dignissim Eros Proin vel Convallis 2022 XX
Non Dignissim Eros Proin vel Convallis 2022 XX
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