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Sandvik AB ADROTCPK - Current
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  • Jan. 7, 2014, 3:15 PM
    • Swedish engineering group Sandvik (SDVKF, SDVKY) agrees to buy U.S.-based drill-bit maker Varel International Energy Services for $740M.
    • Privately-held Varel manufactures drill bits primarily for oil and gas drilling, as well as for blasthole mining, industrial, construction and water well drilling; its 2013 revenue was ~$340M.
    | Jan. 7, 2014, 3:15 PM