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Sandvik to Divest Sandvik Calamo
10/10/2008 - Sandvik reaches an agreement to divest its SandvikCalamoproduct unit to Dockweiler Edelstahl GmbH, Germany.
Sandvik has reached an agreement with Dockweiler Edelstahl GmbH, Germany, to divest Sandvik Calamo, a product unit within the Sandvik Materials Technology business area.
Sandvik Calamo, a supplier of electro-polished tube products, primarily to the electronics industry, is located in Molkom, Sweden. The unit has 36 employees and sales of approximately SEK 65 M.
Following completion of the sale, the focus of the operations is to remain unchanged, and all employees are to be transferred to the new owner. Products are to be sold through the existing sales network, mainly via Sandvik’s sales units.
“The sale of Sandvik Calamo is part of our efforts to phase out operations outside the defined core business of Sandvik Materials Technology,” says Peter Gossas, President of Sandvik Materials Technology.
The divestment is expected to be concluded in October 2008.
Sandvik Calamo, a supplier of electro-polished tube products, primarily to the electronics industry, is located in Molkom, Sweden. The unit has 36 employees and sales of approximately SEK 65 M.
Following completion of the sale, the focus of the operations is to remain unchanged, and all employees are to be transferred to the new owner. Products are to be sold through the existing sales network, mainly via Sandvik’s sales units.
“The sale of Sandvik Calamo is part of our efforts to phase out operations outside the defined core business of Sandvik Materials Technology,” says Peter Gossas, President of Sandvik Materials Technology.
The divestment is expected to be concluded in October 2008.
Dockweiler is a world leader in tube systems for such applications as semiconductor manufacturing.
