Sandvik completes Newtrax acquisition
Published by Stephanie Roker,
Editor
Global Mining Review,
Sandvik has completed the previously announced acquisition of Newtrax, a supplier of technology in wireless connectivity to monitor and provide insights on underground mining operations, including people, machines and the environment.
Newtrax is headquartered in Montréal (Canada), and in 2018, Newtrax generated revenues of about CAN$26 million with 120 employees.
The deal is initially slightly accretive to earnings per share.
Read the article online at: https://www.globalminingreview.com/finance-business/18062019/sandvik-completes-newtrax-acquisition/
You might also like
Mali president officially opens Bougouni Lithium Project
Kodal Minerals, the West African lithium producer and mineral exploration and development company, has announced the official opening of the Stage 1 Bougouni Lithium Project in southern Mali by General Assimi Goïta, President of the Republic of Mali.