PR Newswire | Nov 2, 2021 09:11AM EDT

11/02 08:10 CDT

Sandvik completes the acquisition of Polish round tools company Fanar SANDVIKEN, Sweden, Nov. 2, 2021

SANDVIKEN, Sweden, Nov. 2, 2021 /PRNewswire/ -- Sandvik has completed the previously announced acquisition of the Polish company Fabryka Narz?dzi FANAR S.A. (Fanar), a manufacturer of round tools.

In 2020, Fanar had revenues of about SEK 175 million. Impact on Sandvik's earnings per share will be limited.

The company will be reported in Seco, a division within the business area Sandvik Manufacturing and Machining Solutions.

Stockholm, November 2, 2021

Sandvik AB

For further information, contact Louise Tjeder, VP Investor relations, phone: +46 (0) 70782 6374 or Johannes Hellstrm, Press and Media Relations Manager, phone: +46 (0) 70721 1008.

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https://mb.cision.com/Main/208/ Sandvik completes the acquisition of Polish3445477/1490240.pdf round tools company Fanar

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SOURCE Sandvik