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| Name | Symbol | Market | Type |
|---|---|---|---|
| Sandvik AB (PK) | USOTC:SDVKY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.09 | 0.45% | 20.19 | 20.10 | 20.25 | 20.24 | 20.11 | 20.126 | 88,676 | 21:00:24 |
From Jul 2019 to Jul 2024
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By Dominic Chopping
STOCKHOLM--Swedish engineer Sandvik AB (SAND.SK) said late Wednesday it has agreed to buy the drilling solutions business and operations from Canada's Cubex Limited.
MAIN FACTS:
-Cubex is a drilling solutions provider focused on design and manufacturing of a wide range of underground in-the-hole (ITH), and geo-technical drilling equipment.
-Cubex products are distributed globally, and the current main markets are the United States, Canada, Africa, South America, and Australia.
-In 2012, the acquired business of Cubex had a turnover of about SEK270 million and about 110 employees. The head office and manufacturing facility is based in Winnipeg, Canada.
-The acquisition is expected to be completed during 2Q 2013.
-Acquisition price not disclosed.
-Shares closed Wednesday at SEK105, valuing the company at SEK131.71 billion.
-Write to Dominic Chopping at dominic.chopping@dowjones.com; Twitter: @DowJonesNordics
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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