Sandvik completes the acquisition of Osa Demolition Equipment
Rhea-AI Summary
Sandvik (OTC:SDVKY) has completed its acquisition of Osa Demolition Equipment S.r.l. (OSA), an Italian manufacturer of demolition tools and hydraulic hammers. The acquired company, founded in 1994, will be integrated into Sandvik's Attachment Tools division within the Rock Processing business area.
OSA, headquartered in Molfetta, Italy, operates a state-of-the-art manufacturing facility with R&D capabilities and employs 64 people. The company generated revenues of approximately SEK 150 million in 2024. Sandvik indicates that the acquisition's impact on its EBITA margin and earnings per share will be limited.
Positive
- Acquisition expands Sandvik's demolition tools and hydraulic hammers portfolio
- OSA brings state-of-the-art manufacturing facility and R&D capabilities
- Addition of SEK 150 million in annual revenue from OSA's operations
Negative
- Limited impact expected on Sandvik's EBITA margin and earnings per share
News Market Reaction 1 Alert
On the day this news was published, SDVKY declined 0.35%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
OSA was founded in 1994 and has 64 employees. The company is headquartered in Molfetta,
Sandvik AB
For further information, contact Louise Tjeder, VP Investor relations, phone: +46 (0) 70782 6374 or Johannes Hellström, Press and Media Relations Manager, phone: +46 (0) 70721 1008
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SOURCE Sandvik