Sandvik AB (SDVKY)
| Previous close | 21.22 |
| Open | 21.03 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's range | 20.86 - 21.05 |
| 52-week range | 16.31 - 23.50 |
| Volume | |
| Avg. volume | 72,080 |
| Market cap | 26.167B |
| Beta (5Y monthly) | 1.32 |
| PE ratio (TTM) | 22.43 |
| EPS (TTM) | 0.93 |
| Earnings date | N/A |
| Forward dividend & yield | 0.52 (2.47%) |
| Ex-dividend date | 01 May 2024 |
| 1y target est | 25.21 |
PR NewswireSandvik to acquire majority stake in China-based Suzhou Ahno
Sandvik has signed an agreement to acquire a majority stake in the leading China-based company Suzhou Ahno Precision Cutting Tool Technology Co., Ltd. (Ahno) from the current majority owner, Ningbo Baosi Energy Equipment Co., Ltd and related parties. The company will be reported within the business area segment Sandvik Machining Solutions.
ReutersSandvik buys majority stake in China-based Suzhou Ahno
Sweden's Sandvik said on Tuesday it has agreed to buy a majority stake in China-based Suzhou Ahno Precision Cutting Tool Technology. Sandvik, which already owns a 12.4% stake in the company, said in a statement it will through the deal raise its stake to 72.4%, and that the enterprise value for the acquired stake is 189 million euros ($202 million). The impact on Sandvik’s earnings per share, excluding non-cash amortization effects from business combinations, will be positive, it said.
