Sandvik completes acquisition of Allied Construction
Published by Jessica Casey,
Editor
Global Mining Review,
Sandvik has completed the previously announced acquisition of Allied Construction Products LLC, a US distributor of hydraulic hammers to the construction and mining industries and manufacturer of compactor plates and mounting brackets.
In 2019, the company generated revenues of approximately US$29 million, with 38 employees. Sandvik was already a 21% minority shareholder of the company and its products generated approximately 80% of Allied’s revenues.
The deal is neutral to Sandvik’s earning per share from the start.
Read the article online at: https://www.globalminingreview.com/finance-business/05102020/sandvik-completes-acquisition-of-allied-construction/
You might also like
Orica demonstrates continued strength in underlying business performance
The positive momentum that underpinned Orica’s 2025 first half underlying performance has continued into the second half of the year, with total earnings expected to be higher than the prior corresponding period.
