Sandvik Materials Technology (SMT) has signed an agreement to divest its welding wire operations to ESAB, a part of Colfax Corporation.
The deal includes the production units in Sandviken, Sweden and Scranton, US as well as the global sales and product management organization; in total approximately 120 employees.
The process to exit the stainless wire business, with about SEK 270M in sales 2016, is progressing according to plan.
