Sandvik Acquires Fintec & Extec.
- 27 May 2007
- Company & Industry News
This dual acquisition will help to propel Sandvik into the number 2 position in the global screening and crushing mobile market, that is worth €2b annually.
The management teams of both Fintec and Extec have vast knowledge of this industry and both companies also possess the most modern manufacturing facilities in the UK.
Fintec and Extec will continue to manage their businesses as normal until such times as the new Sandvik management team properly access the strengths and weaknesses of both companies.
The completion of the two acquisitions should happen during quarter 2.
This level of independence was most clearly demonstrated at Bauma where both companies received many orders from Germany,Belarus,Ukraine,CIS, and indeed most parts of the world.
These 2 acquisitions provide a very strong base for Sandvik to continue to build on for further expansion into this growing segment of the construction industry.
Sandvik Mining & Construction Ltd
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