List Your Equipment  /  Dealer Login  /  Create Account

Sandvik Acquires Allied Construction

Wed August 12, 2020 - National Edition
Sandvik


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

The acquisition of Allied establishes an enhanced sales, service and support platform for the growing North American customer base. It also enables Sandvik to expand the existing dealer network into new regions and to penetrate new customer segments with a broader product offering.

Allied will obtain additional strength and access to cutting edge technology.

Allied and Sandvik Mining and Rock Technology have had a strategic partnership since 2003, with Allied being the U.S. distributor for Rammer products. Sandvik Mining and Rock Technology was already a 21 percent minority shareholder of the company and Sandvik's products generates about 80 percent of Allied's revenues.

In 2019 the company generated revenues of approximately $29 million with 38 employees. The parties have agreed not to disclose the purchase price and the transaction is expected to close during the third quarter 2020. The deal is neutral to Sandvik's earnings per share from the start.

This story also appears on Aggregate Equipment Guide.




Today's top stories

Brasfield & Gorrie Constructs Baptist Health Care's $636M Pensacola Campus

ARTBA CEO Dave Bauer's Statement on Proposed Federal Gas Tax Holiday

MDOT Rebuilds I-275 Near Detroit

Hyundai Enters Articulated Dump Truck Market With Two Models Targeting 30-, 45-Ton Segments

Construction, Transportation Groups Push Back on Biden's Gas-Tax Proposal

ALDI Invests Big in Baldwin County — Crews Help Prep for New Region HQ

Rowland Joins Linder as Regional Sales Manager

Skowhegan, Maine, Voters Approve Building New $75M Elementary School


 






ceg-logo ceg-logo ceg-logo ceg-logo ceg-logo
39.04690 \\ -77.49030 \\ Ashburn \\ VA