Sandvik AB

Sandvik AB is a global high-tech engineering group supplying equipment, tools, service, digital solutions and sustainability-driving technologies to the mining, infrastructure and component manufacturing industries. Founded in 1862 by Göran Fredrik Göransson, the company is headquartered in Stockholm, Sweden, and serves customers in more than 150 countries with a workforce of approximately 41,000. Annual sales are about 123 billion SEK.

The group operates through three business areas. Mining and Rock Solutions provides equipment, tools, service and digital solutions for mining and rock excavation. Manufacturing and Machining Solutions covers metal-cutting tools, tooling systems and digital solutions for component manufacturing. Rock Processing addresses crushing and screening needs across rock processing markets.

Technical work spans mining and rock engineering equipment, rock processing, metal-cutting tools and tooling systems, manufacturing and machining technology, digital solutions and sustainability-driving technologies. Sandvik invested 4.6 billion SEK in research and development in 2024 and holds approximately 6,900 active patents.

Strategic objectives to 2030 include a digital revenue target of 13 BSEK, growth of 7% through a business cycle and an EBITA margin corridor of 20-22%. The company describes its approach as collaborative, involving expert minds working to build more resilient businesses for customers.