Sandvik has now completed the acquisition of Allied Construction Products LLC (Allied), a U.S. distributor of hydraulic hammers to the construction and mining industries, and manufacturer of compactor plates and mounting brackets.
In 2019, Allied generated revenues of approximately USD $29 million with 38 employees. Sandvik was already a 21% minority shareholder of the company and SandvikÂ’s products generated about 80% of AlliedÂ’s revenues.
The deal is neutral to SandvikÂ’s earnings per share from the start.
Courtesy of Sandvik.