July 12, 2017 - Mining Systems is a supplier of design and engineering of material handling systems. In 2016 the operations had annual sales of 2.9 billion SEK.
Sandvik’s plan to exit Mining Systems is as follows:
Mining Systems will continue to be reported in discontinued operations. The transaction will have no or limited impact on earnings per share and closing is expected by the end of 2017. The transaction is subject to regulatory approvals.
The intention to divest Mining Systems was first communicated through a press release on October 1, 2015.