Privately owned Australian engineering company Nepean has finalised its purchase of Sandvik’s International Conveyor Components and Specialist Conveyor Systems businesses in Hollola, Finland.
Nepean was established in 1974 and has focused on conveyer tech since 1985; it is the largest manufacturer of pulleys and idlers in Australia, and one of the largest global conveyor specialists, with operations in 66 countries.
Originally announced in July, the deal represents a significant expansion of Nepean’s extensive portfolio of international interests.
“This is a major milestone and credit to the Nepean team,” said Nepean chief executive officer Miles Fuller. “Our passionate employees, technical strength, lean overheads, vertically-integrated capabilities and the respect we have earned from the industry over 43 years has 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. It is a key step in Nepean’s journey to be the global leader in innovative conveyor components.”
Three of Sandvik’s subsidiary brands, PROK, Gurtec and Roxon, were also purchased as part of the deal and will keep their names in their respective markets.