NewsMaterials Technology Unit to be listed on Aug. 31...

Materials Technology Unit to be listed on Aug. 31 by Sandvik

-

Stockholm : On August 31, the Nasdaq Stockholm Exchange will list the shares of Sandvik AB, a Swedish engineering group, following the distribution of its Sandvik Materials Technology unit to shareholders.

According to Johan Molin, the chairman of Sandvik, “we are confident this will increase long-term shareholder value and that both the company and its subsidiary, Sandvik Materials Technology, can grow more favourably.”

Sandvik also stated that it has decided to rename Sandvik Materials Technology to Alleima, pending shareholder approval of the listing.

Also read: A patent has been awarded to Array for its content engagement and analytics system

James
Jameshttp://Shouzy.com
Technology has been James's passion for over a decade. After graduating from the University of Chester with a Bachelor of Arts degree in Journalism in 2006, started writing full-time shortly after. Over the years, he has worked on everything from Windows XP to Red Star OS, but more recently has settled into the Apple ecosystem. A regular contributor at shouzy.com, James writes about iOS, macOS, and Apple hardware.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

Patriot One Technologies is selected by Central Bank Center for security technology

The Central Bank Center in Lexington, Kentucky, has chosen Patriot One Technologies' SmartGatewayTM solution to safeguard the entrances to...

Mixed reality headset was reportedly shown off by Apple to the company’s board of directors

According to Bloomberg, Apple's board of directors had a hands-on demo of the company's upcoming mixed-reality headset last week....

5WPR announces creation of a dedicated PR division for travel technology

NEW YORK, May 19th, 2022/PRNewswire/— 5WPR, one of the largest independently-owned PR firms in the United States, has announced...

Thagora Acquires Leading Seating Material Company by LEAR

May 19, 2022/PRNewswire/Southfield, Mich.— As a global leader in automotive seating and electronic systems, Lear Corporation (NYSE: LEA) announced...

BioMass Solution becomes a technology partner of the BDO Zone Strategic Alliance

Ecostrat is pleased to announce that BioMass Solution LLC has joined the BDO Zone Strategic Alliance as a technology...

Google business in Russia plans to file for bankruptcy

 LONDON (AP) — The AP reports that London is the capital of the United Kingdom and that Google's Russian...

Must read

You might also likeRELATED
Recommended to you