Nepean Conveyors acquires Sandvik components business

Presented by
  • Earthmovers & Exacavators

Nepean overwater iron ore conveyor Aussie conveyor OEM Nepean Conveyors has acquired Sandvik's conveyor components businesses Nepean overwater iron ore conveyor

Australian conveyor OEM Nepean Conveyors has signed an agreement to acquire Sandvik’s international conveyor components businesses as well as the company’s specialist conveyor business based in Finland.

The deal sees Nepean acquire 195,000 square metres of manufacturing operations across the globe, and around 340 Sandvik staff members will join Nepean. Some of the businesses acquired by Nepean include the Prok, Gurtec and Roxon brands.

"Nepean will gain significant facilities in Europe, Scandinavia, Brazil and Western Australia in addition to our existing operations on the east and west coast of Australia and Africa," Nepean CEO Miles Fuller says.

"We will also gain a broad range of advanced technology, leading products and associated IP."

Nepean has been in operation since 1985 and is already one of the largest manufacturers of conveyor components in Australia. This acquisition will see them become one of the biggest producers globally.

"This is a major milestone and credit to the Nepean team," Fuller says. "Our passionate employees, technical strength, lean overheads, vertically-integrated capabilities and the respect we have earned from the industry over 43 years have positioned us for this exciting growth opportunity.

"Our investment in Sandvik’s Conveyor businesses and, more importantly, Sandvik’s customers and employees, is a further commitment to an industry we know well," Fuller adds.

The move represents the last step in Sandvik’s divesting of its mining systems business after the mining projects division was acquired by FLSmidth.

"I am pleased that we now have completed our plan enabling us to further focus on Sandvik’s core businesses," Sandvik president and CEO Björn Rosengren says. "Nepean is a truly suitable new owner as they have an ambition to continue to develop this offering."

 

Keep up to date on the industry by signing up to Trade Earthmover's free weekly newsletter. Be the first to know about new machines for sale.