Nepean Engineering: Sandvik's conveyor businesses acquired by Australian company

Australian privately owned conveyor OEM NEPEAN Conveyors has finalised negotiations to acquire Sandvik's International Conveyor Components businesses and Sandvik's Specialist Conveyor Systems business in Hollola, Finland.NEPEAN Chief Executive Officer Miles Fuller says the acquisition is a great fit with the organisation's existing conveyor businesses."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. We will also gain a broad range of advanced technology, leading products and associated IP," said Fuller.The acquisition includes 195,000 m2 of world-class manufacturing operations located across Germany, Brazil, Australia and Finland, and will see around 340 Sandvik staff members join NEPEAN.Through the acquisition, NEPEAN's customers will have access to the significant IP developed via Sandvik's engineering and manufacturing capabilities. New product lines, including market-leading composite roller technologies, will be brought to market as a priority.NEPEAN is already the largest manufacturer of pulleys and idlers in Australia. With the acquisition of Sandvik Conveyor Components, the combined capacity will position NEPEAN as one of the largest specialists in conveyor components globally, capable of producing many thousands of large engineered pulleys and millions of conveyor rollers annually to service customers in 66 countries.NEPEAN's conveyor expertise in Australia includes fully integrated bulk materials handling solutions from the mine to the train or truck load station. With the integration of Sandvik's assets, NEPEAN will be positioned to provide an integrated set of solutions for the industry.