Sandvik says it has completed the previously announced acquisition of the mining related business of Schenck Process Group (SP Mining).
SP Mining is one of the market leaders in screening, feeding, screening media and train loading solutions in the industry, according to Sandvik. It also has a strong aftermarket business, which includes application support, screen refurbishment, product engineering design and manufacturing and digital support services.
It will be reported in Stationary Crushing and Screening, a division in Sandvik Rock Processing Solutions (SRP).
The two companies already had a global partnership agreement in place dating from 2016 that brought together Sandvik’s high productivity cone crushers and Schenck Process’ high capacity multislope screens.
In 2022, SP Mining expects revenues of about €200 million ($199 million) of which approximately 70% is aftermarket, and an EBITA margin accretive to Sandvik Rock Processing Solutions’ margin, Sandvik said.
Sandvik announced the planned acquisition of SP Mining back in May.