Sandvik

HardwareStockholm, Sweden· One of 1805 Hardware companies tracked by AMPulse

A high-tech global engineering group providing solutions that enhance productivity, profitability, and sustainability for the manufacturing, mining, and infrastructure industries. (Note: Additive Manufacturing business unit being divested to Mimir, expected Q3 2026)

CEO / Founder: Stefan Widing
Team Size: 10000+
Stage: Public
Total Funding: Publicly Traded
Key Investors: AB Industrivärden, BlackRock, Vanguard, Swedbank Robur Funds

Technology & Products

Key Products

Mining and Rock Excavation Equipment, Metal-Cutting Tools and Tooling Systems, Rock Processing Solutions (Crushers, Screens), Digital Manufacturing Solutions, Osprey® Gas-Atomized Metal Powders (being divested to Mimir, expected Q3 2026)

Technological Advantage

The company's primary advantage lies in its heavy investment in R&D, leading to advanced materials like Osprey® metal powders and digital solutions (CoroPlus®) that optimize the entire manufacturing value chain. This is combined with a push for sustainable solutions, including electrification of mining equipment.

Differentiation

Value Proposition

To enhance customer productivity, profitability, and sustainability through unique expertise and solutions based on innovation, digitalization, and sustainable engineering.

How They Differentiate

Sandvik differentiates itself through a comprehensive product and service portfolio that covers the entire value chain, from materials to digital solutions. Its strong focus on R&D, sustainability (circularity and electrification), and close customer collaboration sets it apart from competitors who may focus on only one segment of the industry.

Market & Competition

Target Customers

Companies in mining, rock excavation, rock processing, and metal cutting industries.

Industry Verticals

Mining, Infrastructure, Manufacturing, Aerospace, Automotive, Energy, Medical

Competitors

Kennametal; Epiroc; Caterpillar

Growth & Milestones

Growth Metrics

2025 Revenue: SEK 121 billion. The Group had approximately 42,000 employees and revenues of about SEK 121 billion in more than 150 countries.

Major Milestones

1862: Company founded., 1942: Production of cemented carbide begins, Sandvik Coromant brand is born., 2022: Acquisition of Deswik, a leading mine planning software provider., 2022: The materials technology business, Alleima, is listed as a separate company., 2023: Acquisition of US-based Buffalo Tungsten, a manufacturer of tungsten metal powder., 2025: Acquisition of Verisurf Software, a 3D metrology software provider., 2025: Signed EUR 500 million loan agreement with the European Investment Bank., 2026: Acquisition of South Africa-based ThoroughTec Simulation., 2026: Acquisition of 80% of K&Y Diamond, ultra-precision diamond tools manufacturer., 2026: Acquisition of Mastercam India and select assets of CAD/CAM CONSULTING SERVICES INC. (CCCS) in July 2026., 2026: Acquisition of In-House Solutions, Inc. (MCAD) in Q1 2026., 2026: Acquisition of MCL CAD Systems in Q1 2026., 2026: Acquisition of AME Advanced Mechanical Engineering AB in Q1 2026., 2026: Announced divestment of Additive Manufacturing business unit to Mimir in May 2026 (expected to close Q3 2026).

Notable Customers

Confidential - serving global mining, automotive, and aerospace companies

https://www.home.sandvik/en/