The Sandvik Board of Directors has today decided to propose the distribution and listing of Sandvik Materials Technology (SMT) to the Annual General Meeting, which takes place on
"We are pleased to take the next step in this process and propose the distribution and listing of SMT to the Annual General Meeting. We are convinced that this will increase long-term shareholder value, and that both Sandvik and Sandvik Materials Technology can develop more favorably on their own", says
The name Alleima combines two core strengths of SMT's business - alloy and material - with alei, an old version of the word alloy, as the foundation.
"Alleima captures the core of what we do, our history and our unique capabilities in a great way. We believe it will serve us very well going forward as a stand alone company, and enable us to evolve our current leading position in materials technology into a market leader for the advanced materials for the future," says
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Sandvik is a global high-tech engineering group offering solutions that enhance productivity, profitability and sustainability for the manufacturing, mining and infrastructure industries. We are at the forefront of digitalization and focus on optimizing our customers' processes. Our world-leading offering includes equipment, tools, services and digital solutions for machining, mining, rock excavation, rock processing and advanced materials. In 2021 the Group had approximately 44,000 employees and revenues of about
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