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Sandvik has finalized the acquisition of Almü, a Germany-based cutting tools and solutions provider. Almü, founded in 1978, has 44 employees and generated approximately 6 MEUR in revenues in 2022. The acquisition will be reported in Sandvik Coromant, impacting Sandvik's EBITA margin and earnings per share minimally.
Sandvik AB held its Annual General Meeting in Sandviken, Sweden on April 29, 2024. The company reported strong revenue growth and profitability for 2023, adopting financial accounts, electing new Board members, and approving a dividend of SEK 5.50 per share. The meeting also approved a long-term incentive program for senior executives and authorized the acquisition of the company's own shares.
