Sandvik Buy Extec and Fintec
Pulse PLM customers Fintec Ltd and Extec Crushers and Screens Ltd have announced that they have been acquired by Swedish global gaint Sandvik. Together Fintec and Extec hope to propel Sandvik into number 2 position in the global screening and crushing mobile market that is worth €2b annually.
The management teams of both Fintec and Extec have vast knowledge of the industry and both companies also possess the most modern manufacturing facilities in the UK. Fintec and Extec will continue to manage their businesses as normal until such times as the new Sandvik management team properly assess the strengths and weaknesses of both companies. These 2 acquisitions provide a very strong base for Sandvik to continue to build on for further expansion into this growing segment of the construction industry.
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