Sandvik buys up remaining stake in Allied Construction Products

Sandvik buys up remaining stake in Allied Construction Products

July 14, 2020


Sandvik Mining and Rock Technology has signed an agreement to acquire Allied Construction Products, a US distributor of hydraulic hammers to the construction and mining industries and manufacturer of compactor plates and mounting brackets.

Sandvik, which already owned 21% of the company, has had a strategic partnership in place with Allied since 2003 whereby Allied distributed Rammer products to the US market. According to Sandvik, its products generate about 80% of Allied’s revenues.

The acquisition of Allied establishes an enhanced sales, service and support platform for the growing North American customer base, Sandvik said.

“It also enables Sandvik to expand the existing dealer network into new regions and to penetrate new customer segments with a broader product offering,” the company added. “Allied will obtain additional strength and access to cutting-edge technology.”

In 2019, Allied generated revenues of around $29 million with 38 employees, Sandvik said.

The parties have agreed not to disclose the purchase price and the transaction is expected to close during the September quarter.


Featured

XCMG: Six bridges and two engines, XCA400L8 _ 1 is high-tech!

XCMG: Six bridges and two engines, XCA400L8 _ 1 is high-tech!

Set a New National Record, Sinotruk Heavy Truck Export Exceeds 14000 Vehicles in February!

Set a New National Record, Sinotruk Heavy Truck Export Exceeds 14000 Vehicles in February!

Renovation of Patterns? Zhonglian Mining Machine "Customer Activity Day" Officially Opened

Renovation of Patterns? Zhonglian Mining Machine "Customer Activity Day" Officially Opened

Good news of delivery | Batch delivery of 30 SJM 3090F wide-body dump trucks

Good news of delivery | Batch delivery of 30 SJM 3090F wide-body dump trucks

Trending Products

XCMG Official 5m 1000W*2 Hand Push Operated Lifting Telescopic Mobile Metal Halide Lamp Balloon Light Tower

XCMG Official 5m 1000W*2 Hand Push Operated Lifting Telescopic Mobile Metal Halide Lamp Balloon Light Tower

XCMG Official 5m Hand Push Lifting Telescopic Mobile Halogen Lamp Light Tower for Construction Site and Mining

XCMG Official 5m Hand Push Lifting Telescopic Mobile Halogen Lamp Light Tower for Construction Site and Mining

XCMG Factory 9m Hydraulic Mast Diesel Generator Trailer Mobile LED Stadium Light Tower

XCMG Factory 9m Hydraulic Mast Diesel Generator Trailer Mobile LED Stadium Light Tower

XCMG Official 7m China New Mobile Diesel Generator Explosion Proof LED Work Light Tower for Sale

XCMG Official 7m China New Mobile Diesel Generator Explosion Proof LED Work Light Tower for Sale

Engineering Machinery Vocabulary
TO TOP