Australian equipment manufacturer Nepean Conveyors has secured a deal to acquire two Sandvik conveyor divisions.
Nepean reported it has finalised negotiations to acquire the Sandvik’s International Conveyor Components businesses and the Specialist Conveyor Systems business in Finland.
Miles Fuller, Nepean chief executive officer, described the acquisition as 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,” Fuller said.
“We will also gain a broad range of advanced technology, leading products and associated IP.”
The acquisition includes 195,000 square metres of manufacturing operations across Germany, Brazil, Australia and Finland.
Around 340 Sandvik workers will join Nepean. The acquired businesses include the Prok, Gurtek and Roxon brands.
“The conveyor business is core to Nepean. Since 1985, our growth and success has been due to our customer focus, local support capability, passionate employees, leading engineering, and empowered managers with the authority to get things done,” Fuller said.
“Putting the needs of customers first is part of Nepean’s DNA. We can only prosper if our customers are successful and we are deeply committed to this responsibility. We see this acquisition as a very exciting opportunity to bring together two respected industry leaders in materials handling.”
The acquisition will provide Nepean’s customers with access to IP developed through Sandvik’s engineering and manufacturing capabilities.
Nepean plans to bring new product lines, including composite roller technologies, to market as a priority.