Sandvik AB

History

Year	Detail
1862	Högbo Stål & Jernwerks AB was establsihed by Göran Fredrik Göransson and his associates on 31 January in Sandviken, Sweden.
1868	Högbo Stål & Jernwerks AB acquired at the distress sale and the company is reconstructed under the name Sandvikens Jernverks AB.
1972	The company changed its name to Sandvik AB from Sandvikens Jernverks AB.
1992	Sandvik acquired 25% of the Finnish producer of rock-drilling equipment, Tamrock.
1993	The company introduced Sandvik Nanoflex material for eye surgery and electric shaver heads to be used in various new medical and environmental engineering applications.
1996	Sandvik acquired 42% of Kanthal and 49% of the Finnish company Tampella, parent company to Tamrock which is already partly owned by Sandvik.
1999	Sandvik AB divested the Saws and Tools business areas and focuses its business on three core areas: Sandvik Tooling, Sandvik Mining and Construction, and Sandvik Specialty Steels.
2018	Sandvik acquired Metrologic Group, a French metrology software company and divested its stainless wire business.
2021	Sandvik signed agreements to acquire various companies in strategic growth areas such as software, round tools, and mining equipment.