Sandvik has announced on 7 April 2006 an offer to acquire the Australian company SDS Corp. Among other conditions, the acquisition was conditional on the approval of shareholders representing at least 90% of the shares. At the end of the acceptance period for the offer, Sandvik held 98.21% of the shares in SDS Corp. Accordingly, the acquisition will be completed as planned and the remaining shares will be compulsorily redeemed. SDS Corp. will be consolidated as of 1 June and delisting from the Australian stock exchange is expected to be completed prior to the end of June.
