Sandvik to divest Sandvik Sorting Systems Sandvik has reached an agreement with the French company Cinetic Industries, a subsidiary to the industrial group Compagnie de Fives-Lille (Fives-Lille) on the divestment of Sandvik Sorting Systems, which is a part of product area Sandvik Process Systems within the Sandvik Materials Technology business area. Sandvik Sorting Systems has operations in Italy, the US and Japan and produces sorting systems for example postal, parcel and baggage handling. Operations today have sales of about SEK 1,000 M, with 300 employees. All units within Sandvik Sorting Systems will transfer to Cinetic Industries in conjunction with the acquisition. Fives-Lille is a global industrial group which designs and supplies process equipment and plant facilities on a turnkey basis for major players in the metal, automotive/logistics, cement and energy industries. Fives-Lille is currently a partner to Sandvik Sorting Systems on the French market. “The divestment of Sandvik Sorting Systems is part of the effort to phase out operations that are outside of the defined core operations for Sandvik Materials Technology,” says Peter Gossas, President of Sandvik Materials Technology. The divestment is expected to take place on 30 June, 2007, subject to the obtaining of the appropriate approvals of the relevant antitrust authorities. Sandviken, 15 May 2007 Sandvik AB; (publ) For further information, contact Peter Gossas, President Sandvik Materials Technology, +46 (0)26-26 33 33, or Jan Lissåker, Vice President Investor Relations, Sandvik AB, +46 (0)26-26 10 23. Sandvik is a global industrial group with advanced products and world-leading positions in selected areas - tools for metal cutting, machinery and tools for rock excavation, stainless materials, special alloys, metallic and ceramic resistance materials as well as process systems and sorting systems. The Group had at the end of 2006 about 42,000 employees and representation in 130 countries, with annual sales of more than SEK 72,000 M. Sandvik Materials Technology is a business area within the Sandvik Group and a world-leading manufacturer of high value-added products in advanced stainless materials, special alloys, metallic and ceramic resistance materials, as well as process plants and sorting systems. Annual sales are about SEK 19,300 M with 8,600 employees. The product areas comprises Tube, Strip, Wire, Kanthal and Process Systems. Compagnie de Fives-Lille is a global engineering group which designs and supplies process equipment and plant facilities on a turnkey basis for major players in the metal, automotive/logistics, cement and energy industries. Fives-Lille has close to 5,000 employees worldwide. The order intake was EUR 1,200 M in 2006. In 2007 Fives Lille's expects sales to reach EUR 1,200 M.
Sandvik to divest Sandvik Sorting Systems
| Source: Sandvik AB