Early 2021，Sandvik has upgraded the group's development strategy，Decided to go all out for growth。This year，Sandvik raised its growth target for the entire business cycle from the original target of 5%Mentioned 7%。Margin targets have also been updated.，EBIT for the entire business cycle from a minimum of 16 percent%，Adjust to20-22%。

There must be a lot of people curious.

In the face of many challenges in the environment,

Many enterprises are lowering their growth expectations.

How exactly did Sandvik swim against the current?？

To put it simply，Sandvik's approach to driving its growth strategy is twofold.。

The first method is continuous innovation.，Drive organic business growth。Sandvik spends about 4% of its sales each year on research and development%，Strong ability to innovate，Continuous introduction of various innovative products，This will help the business grow organically.。

The second method is acquisition.，Carefully select a good company，And buy, buy, buy！

Below，Xiao Ke will focus on those things about our acquisition of the company.。

2021，Sandvik Group Completes Acquisition of 14 Companies，Increased revenues by SEK 10 billion。2022，The group's acquisition of high-quality companies continues.，By the end of October，7 companies have been acquired。

President and CEOStefan WidingExpress：“Companies we acquired，It's all carefully selected.，Fully in line with the Group's development strategy。Their participation has either strengthened the core business of the group，Or improve our product value chain.，We believe this will benefit the overall business.。”

To strengthen the core business

Acquire a tool company

In the core business sector，Sandvik's current strategic focus is to become the market leader in round shank cutting tools.。

Due to advances in materials,，And that grow demand for precision parts.，Round shank tools are a fast-growing segment of the market。2021，Sandvik completed the United States.GWSAcquisitions of the Knives Group and the Polish company Fanar，Also won the China Chuzhou Yongpu Cemented Carbide Tools Company 67%Shares of，All this has improved Sandvik's position in the field of round shank tools.。

And then，Sandvik has acquired one after another.PDCTool manufacturerFrezite、Sphinx Tools Preziss。In just a few years.，Sandvik Group's sales of round shank knives increased by SEK 2 billion。

To improve and expand the product value chain

Acquisition of related companies

Software and digitization

In recent years，Sandvik Continues to Drive Digital Transformation。2021，Annualized sales of Sandvik Group's software and digital solutions amounted to SEK 3.3 billion，Compared with 1 billion Swedish kronor a year ago.。In this regard，The objective of the group is to：Sales of software and digital solutions for the entire group will reach SEK 6.5 billion in 2025。

In order to achieve this goal，Sandvik is also working hard.。At present，Sandvik has made several acquisitions related to manufacturing software solutions，End-to-end processing services，Including design、Processing and analysis/All phases of control。The group acquired the United States one after another.CNCSoftware company、CambrioAnd CanadaICAMTechnology Company，Make Sandvik in computer-aided manufacturing(CAM)The field is in the leading position in the world.。Sandvik has also acquired US-basedDWFritzAutomation and Metrology Inc.，Be able to provide customers with a comprehensive metering solution，So that that cost is reduce，Improved quality of services。

“In the industry in which we operate,，Sandvik occupies a unique position in software and digital products.。” WidingSay。“We are already the world leader in hardware solutions，Companies that have leveraged these acquisitions，We have achieved faster growth in the field of software resources.。We can create joint software solutions，These software products will help drive our hardware devices.。Because these software product are at that front end of the value chain，It will help the customer analyze the decision.，What type of hardware solution performs better、More effective。”

Rock Treatment Business Area

In May this year，Sandvik Announces Acquisition of Schenck Process Group's Mineral Processing Company，It is a screening system.、Market leader in feed systems and screen solutions。

“This is an important milestone.，Schenck Process Mineral Processing's business is worth SEK 2 billion.，70%Our business is focused on the aftermarket.，This will result in a significant change in our rock handling aftermarket business.。”WidingSay。

 

Mining and Rock Technology Business Area

In addition，To achieve cross-value chain expansion，Sandvik has also acquired companies.， For example，DSI UndergroundAndDeswik。

DeswikIs the market leader in digital mine planning solutions，Sandvik has never been involved in this field before.。DSI UndergroundIs the world's leading supplier of ground support for mining.，Its main business is to provide after-sales consumables for mining enterprises.。In addition，Sandvik has also acquired Finnish battery suppliers.AkkurateCompany，It is small in scale.，But buying the company makes strategic sense.，BecauseAkkurateCompetitive in remote battery diagnostics and aftermarket platform。

From a steel company in the small town of Sandviken, Sweden，To high-tech engineering groups with global reach，The pace of Sandvik's acquisition has never stopped.，Growth has also continued.。For the future，We remain confident.。WidingTalk about：“Although the economic situation is facing great challenges,，But as an industry leader,，We are still pushing forward the growth strategy.，And have raised our goal to 7.%，I believe we will go forward bravely.，Get what you want，Make Sandvik more powerful.。