The Annual General Meeting of Sandvik resolved, in accordance with the Board of Directors’ proposal, to distribute and list SMT on Nasdaq Stockhom August 31, 2022. SMT will be renamed Alleima at the day of listing. Read the press release at home.sandvik
Read more about our journey to become a standalone company.
“We are pleased to take the next step in the process to establish Alleima as a standalone listed company. Alleima will continue to develop its position as a market leader for advanced materials for the future”, says Andreas Nordbrandt, Chairman of the Board of Directors of future Alleima.
“Sandvik’s shareholders have today taken a historic and important decision. We have been looking forward to this and it gives us the strength to fully execute our strategy. Going forward we aim to drive profitable growth by capitalizing on global megatrends playing in our favor, such as the transition towards more sustainable energy sources, energy efficiency, electrification, and medical growth to name a few”, says Göran Björkman, Business Area Manager of SMT and future President and CEO of Alleima.
The aim now is to grow Alleima in several high-growth segments, such as industrial heating, medical, hydrogen and renewable energy and the chemical and petrochemical segment.
“Already today, we have a leading position in most of the segments in which we operate and sales in about 90 countries. We are a financial high-performer as well as a technical leader. As Alleima and a standalone company, we will be compared to peers in our industry", says Göran Björkman.
Based on close and long-term customer partnerships, and a 160-year history SMT, moving forward as Alleima, advances processes and applications in the most demanding industries and enables our customers to become more efficient, profitable, safe and sustainable.
“We set out to lead the way in sustainability – both in product offering and our operations”, ends Göran Björkman.
Alleima will host its first Capital Markets Day on August 23, 2022. The Capital Markets Day will provide an in-depth overview of Alleima’s product offering, key customer segments, strategic direction and financial targets as a standalone listed entity.
More information on the listing and distribution of Alleima, including information brochure, key dates and events, and frequently asked questions can be found on home.sandvik/en/investors/alleima-listing/.