Schenck Process, a global company for sustainable, integrated measuring and process technology solutions, announced that it has signed an agreement for the sale of its Mining business to Swedish engineering group Sandvik AB. Upon completion, the business will be integrated into Sandvik’s Rock Processing Solutions business area, one of the leading suppliers of equipment, tools, parts, services and solutions for processing rock and minerals in the mining and construction industries. The transaction is expected to complete in the second half of 2022, subject to regulatory approvals.
With locations in 21 countries, spread over 6 continents, Schenck Process is one of the global providers of process solutions for mission-critical applications. Schenck Process’s Mining business comprises operations in major mining locations around the world including Australia, South Africa and South America with FY2021 revenues of about € 160 m and approximately 630 employees. Once fully integrated into Sandvik Rock Processing Solutions, the Mining business will benefit from a greater global reach combined with Sandvik’s strong technical and commercial depth providing a more attractive customer proposition and broader career opportunities for all mining employees.