Sandvik completes the acquisition of Newtrax

Sandvik has completed the previously announced acquisition of Newtrax, a supplier of technology in wireless connectivity to monitor and provide insights on underground mining operations, including people, machines and the environment.

Newtrax is headquartered in Montréal, Canada, and in 2018 Newtrax generated revenues of about 26 million CAD with 120 employees. The deal is initially slightly accretive to earnings per share.

Stockholm, 17 June 2019

Sandvik AB

For further information, contact Ann-Sofie Nordh, Vice President Investor Relations, phone: +46 8 456 14 94 or Martin Blomgren, Press and Media Relations Manager, phone: +46 70 577 0549.

Sandvik completes the acquisition of Newtrax (PDF)