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May 1, 2008

Sandvik Sells Diamond Tool Unit

Sandvik has sold its diamond tools unit to Husqvarna. The acquired operation comprises production and sales of diamond tools and related machines for sawing, drilling and grinding.
 
Annual sales are SEK 65 million. The operation is based in Nora, Sweden and Vantaa, Finland.
 
The acquisition complements Husqvarna's product range for the construction industry and reinforces the group's position in the Nordic region.
 
Husqvarna is a producer of lawn mowers, chainsaws and portable petrol-powered garden equipment such as trimmers and blowers. The group is also a producer of diamond tools and cutting equipment for the construction and stone industries. Net sales in 2007 were SEK 33.3 billion.

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