Sandvik Materials Technology increases independence

03 June 2019

Sandvik’s Board of Directors has decided to initiate an internal separation of the business area, Sandvik Materials Technology. The intention is to increase Sandvik Materials Technology’s structural independence from the Sandvik Group, therefore, putting a greater focus on the business’ future development possibilities, as well as create flexibility. 

The Board of Directors has also decided to explore the possibility of a separate listing (Lex Asea) at the Nasdaq Stockholm Exchange, should that strengthen Sandvik Materials Technology’s position and future development. The separation and preparation for a possible listing is expected to take at least a year. There is no guarantee that a decision to finally list Sandvik Materials Technology will be taken. 

Image courtesy of Sandvik Materials Technology