When Extec and Fintec become part of the Sandvik brand on 1 January 2009, they will be joining a company that can trace its history back almost 150 years and which today employs 42,000 people across 130 countries.
Sandvik was founded in 1862 by Göran Fredrik Göransson. In 1855 he purchased a small ironworks – Högbo Bruk – and shortly afterwards successfully produced the first high quality steel based on the Bessemer method. Later he acquired the rights to use this method when he first met Sir Henry Bessemer during a business trip to England. Sandvik gradually started manufacturing finished products, e.g., saws and tools, hollow drill steel and steel tubes.
Today, Sandvik consists of three powerful business areas: Sandvik Mining and Construction; Sandvik Tooling; and Sandvik Materials Technology.
In 1997, the Sandvik Group acquired Tamrock that, together with Sandvik Rock Tools, formed the business area Sandvik Mining and Construction, which is now recognized as the world’s leading supplier of drilling and excavation machinery, equipment, tools, services and solutions for mining and construction industries. And, with the combined acquisition of the Extec and Fintec brands, Sandvik Mining and Construction also becomes the world’s largest provider of mobile crushing and screening equipment solutions.