The Sandvik Board of Directors has decided to propose the distribution and listing of Sandvik Materials Technology (SMT) to the Annual General Meeting, which takes place on April 27, 2022. The listing is planned to take place on the Nasdaq Stockholm Exchange on August 31, 2022, and is expected to meet the Lex Asea requirements. Sandvik has also decided that Alleima will be the new name of SMT, provided shareholder approval to distribute and list SMT.
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.
