Schenck Process sells mining unit to Sandvik

Photo: Schenck Process Holding GmbH

Schenck Process, a global company for sustainable, integrated measuring and process technology solutions, has signed an agreement for the sale of its Mining business to Swedish engineering group Sandvik.

Upon completion of the transaction, which is expected to be in the second half of 2022, the acquired mining unit will be integrated into Sandvik’s Rock Processing Solutions business area.

Schenck Process’s Mining business consists of operations in major mining locations around the world including Australia, South Africa and South America with FY2021 revenues of about 160 million euros.

“Sandvik Rock Processing Solutions is both a natural and excellent new partner for our Mining business creating a stronger platform to build on our recent market success,” said Keith Cochrane, CEO of Schenck Process Group.

Once fully integrated into Sandvik Rock Processing Solutions, the Schenck Process Mining business will benefit from a greater global reach combined with Sandvik’s strong technical and commercial depth providing a more attractive customer proposition and broader career opportunities for all 630 employees. 

Anders Svensson, president of Sandvik Sandvik Rock Processing Solutions, said that the Schenck Process Mining unit’s “high-capacity screens and feeders, as well as screening media offering will complement our product offering.” He added that the combined experience and knowledge in screening applications will enable Sandvik to better serve its customers.

Source: Schenck Process

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