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  5. Xiamen Tungsten and Sandvik Acquire Xiamen Golden Egret Special Alloy Co.

M&A Deal Summary

Xiamen Tungsten and Sandvik Acquire Xiamen Golden Egret Special Alloy Co.

On January 1, 2005, Xiamen Tungsten and Sandvik acquired metals/mining company Xiamen Golden Egret Special Alloy Co.

Acquisition Highlights
  • This is Xiamen Tungsten’s 1st and Sandvik’s 1st transaction in the Metals/Mining sector.
  • This is Xiamen Tungsten’s 1st and Sandvik’s 1st transaction in China.

M&A Deal Summary
Date 2005-01-01
Target Xiamen Golden Egret Special Alloy Co.
Sector Metals/Mining
Buyer(s) Xiamen Tungsten
Sandvik
Deal Type Joint Venture

Target

Xiamen Golden Egret Special Alloy Co.

Xiamen, China
Xiamen Golden Egret Special Alloy Co.,Ltd. (GESAC) is specialized in the manufacture and sale of various kinds of tungsten powder, cemented carbide, and cutting tools. Today, as the world's largest tungsten powder and tungsten carbide powder supplier and exporter, GESAC is also a major manufacturer of premium cemented carbide and cutting tools in the world.

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Buyer(S) 2

Buyer

Xiamen Tungsten

Xiamen, China
Category Company
Founded 1997
Sector Metals/Mining
Employees17,899
Revenue 35.2B CNY (2024)
DESCRIPTION

Xiamen Tungsten engages in mining, smelting, downstream processing, and secondary resource recovery of tungsten, molybdenum, and rare earth metals. Xiamen Tungsten was founded in 1997 and is based in Xiamen, China.

DEAL STATS #
Overall 1 of 1
Sector: Metals/Mining M&A 1 of 1
Type: Joint Venture M&A Deals 1 of 1
Country: China M&A 1 of 1
Year: 2005 M&A 1 of 1
Buyer

Sandvik

Stockholm, Sweden
Category Company
Founded 1862
Sector Engineering
Employees41,400
Revenue 122.9B SEK (2024)
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 3 of 62
Sector: Metals/Mining M&A 1 of 4
Type: Joint Venture M&A Deals 1 of 1
Country: China M&A 1 of 2
Year: 2005 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-06-18 Valenite

Madison Heights, Michigan, United States

Valenite LLC is a provider of metalcutting tooling solutions to the North American market.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-09-18 Implementos Mineros SA

Santiago, Chile

Implementos Mineros SA is a producer and supplier of consumables for rotary drilling and RC (reverse circulation) drilling within mineral exploration.

Buy -
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