Sandvik develops and manufactures metal-cutting materials and tooling systems for the industrial sector. Read more
Sandvik's Competitors, Revenue, Number of Employees, Funding and Acquisitions
6,280 Followers on Owler
President & CEO
Stefan Widing
Annual Revenue
Employees
Headquarters
TOP COMPETITORS OR ALTERNATIVES
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Kennametal is Sandvik's #1 competitor. Kennametal was founded in Pittsburgh, Pennsylvania} in 1938. Like Sandvik, Kennametal also competes in the Industrial Machinery & Equipment industry. Compared to Sandvik, Kennametal generates $9B less revenue.
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Trending News for Sandvik and Sandvik's Competitors
August 6, 2020
MarketScreener
Kennametal : to Attend Jefferies Virtual Industrials Conference
(marketscreener.com) PITTSBURGH, Aug. 6, 2020 /PRNewswire/ -- Kennametal announced today that they wi... See more »
August 6, 2020
Mining Technology
Caterpillar unveils two-piece bucket for hydraulic mining shovels
Heavy equipment manufacturer Caterpillar has unveiled a two-piece bucket for its hydraulic mining sho... See more »
Quarterly and Annual Revenue
Trailing 12-Months Trend (TTM)
Annual Revenue
$11.1B
Sandvik's revenue is the ranked 3rd among it's top 10 competitors. The top 10 competitors average 10.3B. Over the last three quarters, Sandvik's revenue has decreased by 8%. Specifically, in Q1 2020's revenue was $2.4B; in Q4 2019, it was $3B; in Q3 2019, it was $2.6B.
Acquisitions
COMPANY ACQUIRED
ACQUISITION DATE
AMOUNT
DESCRIPTION
Allied Construction Products, LLC
Jul 2020
Source »undisclosed
Allied designs, manufactures and distributes hydraulic hammers and attachments for excavators, loader and skid-steers.
Thermaltek, Inc.
Jan 2020
Source »undisclosed
Thermaltek is a manufacturer of retort furnaces, ingot preheaters, launder systems and heating elements for ceramics and electrical industries.
Summerill Tube Corp.
Dec 2019
Source »undisclosed
Summerill Tube is a manufacturer and supplier of seamless and welded tubing products for aerospace, transportation and petrochemical sectors.
Newtrax Technologies, Inc.
Apr 2019
Source »undisclosed
Newtrax is a provider of safety and productivity solutions to the underground hard rock mining industry.
These are all the companies that Sandvik has acquired. Sandvik has acquired 15 companies and its latest acquisition was Allied Construction Products, LLC in Jul 2020. Allied designs, manufactures and distributes hydraulic hammers and attachments for excavators, loader and skid-steers.
Investments
FOLLOW STATUS
COMPANY
DESCRIPTION
AMOUNT
INVESTMENT DATE
ROUND
EXIT DATE
These are all the companies that Sandvik has invested in. Sandvik has invested 15 companies and its latest investment was Allied Construction Products, LLC in Jul 2020. Allied designs, manufactures and distributes hydraulic hammers and attachments for excavators, loader and skid-steers.
Sandvik News
July 17, 2020Powder Metallurgy Review
Sandvik reports "one of the most challenging quarters" in its history
Sandvik AB, headquartered in Stockholm, Sweden, has reported its results for the second quarter of 20... See more »
July 16, 2020Seeking Alpha
Sandvik AB (SDVKF) CEO Stefan Widing on Q2 2020 Results - Earnings Call Transcript
July 15, 2020Virtual-Strategy Magazine
Sandvik Completes Divestment of Minority Holding in Xiamen Golden Egret Special Alloy Co., Ltd. (Gesac)
STOCKHOLM, July 15, 2020 /PRNewswire/ - Sandvik Machining Solutions has completed the previously anno... See more »
June 29, 2020MarketScreener
Lifts Restructuring Cost Estimate to SEK1.9 Billion
(marketscreener.com) By Dominic Chopping STOCKHOLM--Swedish engineering group Sandvik AB said Monday ... See more »
June 24, 2020KHL
Sandvik launches My Rock Tools Analyze
Mobile application to improve rock tool performance through failure and wear analysis... See more »
Sandvik Press Releases
June 18, 2020centralcharts
Sandvik Acquires Miranda Tools' Business
Sandvik Acquires Miranda Tools' Business PR Newswire STOCKHOLM, June 18, 2020 STOCKHOLM , June 18, 20... See more »
April 20, 2020PR Newswire
Interim Report First Quarter 2020
SANDVIKEN, Sweden, April 20, 2020 /PRNewswire/ -- First quarter 2020 Continuing operations Order inta... See more »
March 26, 2020centralcharts
Sandvik Provides an Update on Effects From the Coronavirus, Announces Cost Measures and a New Proposal for the Dividend
Sandvik Provides an Update on Effects From the Coronavirus, Announces Cost Measures and a New Proposa... See more »
February 6, 2020PRWeb
HC Pacific Announces Business Acquisition
HC Pacific Acquires Cleco Product Line(PRWeb February 06, 2020)Read the full story at https://www.prw... See more »
October 29, 2019centralcharts
Integrating Sustainability Into Business
Business Reporter: Integrating Sustainability Into Business PR Newswire LONDON, Oct. 29, 2019 LONDON ... See more »
October 18, 2019centralcharts
Interim Report Third Quarter 2019
Sandvik: Interim Report Third Quarter 2019 PR Newswire SANDVIKEN, Sweden, Oct. 18, 2019 SANDVIKEN, Sw... See more »
September 26, 2019Korea Newswire
Rapid Tampere speeds up joint industrial innovations
Sandvik, Kalmar, Caruna and Valmet, high-class international industrial companies, have joined Rapid ... See more »
Sandvik Videos
April 30, 2020Sandvik Youtube Channel
"When you need the finest titanium powder - the right partner is everything" on YOUTUBE
January 28, 2020Sandvik Youtube Channel
"Champion People l Sandvik Group 2030 Sustainability Goals" on YOUTUBE
December 19, 2019Sandvik Youtube Channel
"Sandvik and Engineers Without Borders improves sanitation in Tanzania" on YOUTUBE
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Summary
ABOUT
Overview
Sandvik develops and manufactures metal-cutting materials and tooling systems for the industrial sector. Sandvik was founded in 1862. Sandvik's headquarters is located in Stockholm, Södermanlands län, SE 111 22.
Sandvik's President & CEO, Stefan Widi...
CEO
Sandvik's President & CEO, Stefan Widing, currently has an approval rating of 76%. Sandvik's primary competitors are Kennametal, Caterpillar & Epiroc.Website
home.sandvikFrequently Asked Questions about Sandvik
When was Sandvik founded?
Sandvik was founded in 1862Who is Sandvik's CEO?
Sandvik's CEO is Stefan WidingHow much revenue does Sandvik generate?
Sandvik generates $11.1B in revenueHow much funding does Sandvik have?
Sandvik has historically raised $0 in fundingWhere is Sandvik's headquarters?
Sandvik's headquarters is in Stockholm Södermanlands län, SE
How many employees does Sandvik have?
Sandvik has 40,235 employeesWhat sector does Sandvik operate in?
Sandvik is in Industrial Machinery & EquipmentWho are Sandvik's competitors?
Sandvik's top competitors are Kennametal, Caterpillar, EpirocWho has Sandvik invested in?
Sandvik's has invested in companies such as Beam IT
