Sandvik AB (publ) (SDVKF.PK), Friday announced that the company has divested the engineer-to-order business of DWFritz Automation to private equity firm Balmoral Funds, and intends to exit minority stake in BEAMIT to increase focus on core operations.
The move is expected to cost approximately SEK 390 million in the third quarter, of which about SEK 250 million would be related to the divestment of DWFritz, and around SEK 140 million would be related to a write-down of the stake in BEAMIT.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.