M&A Deal Summary

Sandvik Acquires Newtrax Technologies

On April 17, 2019, Sandvik acquired technology hardware company Newtrax Technologies

Acquisition Highlights
  • This is Sandvik’s 2nd transaction in the Technology Hardware sector.
  • This is Sandvik’s 1st transaction in Canada.
  • This is Sandvik’s 1st transaction in Quebec.

M&A Deal Summary
Date 2019-04-17
Target Newtrax Technologies
Sector Technology Hardware
Buyer(s) Sandvik
Deal Type Add-on Acquisition

Target

Newtrax Technologies

Montreal, Quebec, Canada
Newtrax Technologies, Inc. is a provider of technology in wireless connectivity to monitor and provide insights on underground operations, including people, machines and the environment.

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Buyer(S) 1

Buyer

Sandvik

Stockholm, Sweden
Category Company
Founded 1862
Sector Engineering
Employees40,344
Revenue 126.5B SEK (2023)
DESCRIPTION

Sandvik operates as a global engineering company. Sandvik is a high-technology and global industrial group that produces products and services that enhance customer productivity, profitability and safety. Sandvik was founded in 1862 and is based in Stockholm, Sweden.

DEAL STATS #
Overall 16 of 55
Sector (Technology Hardware) 2 of 2
Type (Add-on Acquisition) 13 of 49
State (Quebec) 1 of 2
Country (Canada) 1 of 2
Year (2019) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-22 Artisan Vehicle Systems

Camarillo, California, United States

Artisan Vehicle Systems, Inc. is a manufacturer of battery-powered underground mining equipment, based in Camarillo, California, USA.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-12 Beam IT

Fornovo di Taro, Italy

Beam IT SPA is a provider of metal Additive Manufacturing (AM) services and advanced end-use components. Beam IT is a trusted supplier of metal AM end-components to demanding industries, including automotive, energy and aerospace, and holds several relevant quality certifications to serve these industries.

Buy -
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