Sandvik has reached an agreement with private equity owners 3i to acquire Extec Screens and Crushers Ltd, close to Birmingham, UK. Simultaneously an agreement has been reached with the majority owner of Fintec Crushing and Screening Ltd (Fintec), close to Belfast, UK, to acquire the company. Sandvik currently has a minority shareholding in Fintec and will, after the completion of this transaction, become the only shareholder. The acquisitions are expected to be completed during the second quarter of 2007.
