Sandvik conducts operations within three core areas - Sandvik Tooling, Sandvik Mining and Construction, Sandvik Materials Technology - with responsibility for research and development (R&D), production and sales of their respective products. Sandvik Tooling produced tools and tooling systems for... More
Tuesday, Jan 73:15 PM
Tuesday, Jan 73:15 PM| Comment!
- 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.