Sandvik to acquire Cubex

Sandvik has signed an agreement to acquire the drilling solutions business and operations of Cubex Limited, a Canadian drilling solutions provider focused on design and manufacturing of a wide range of underground in-the-hole (ITH), and geo-technical drilling equipment.
The head office and manufacturing facility of CUBEX is based in Winnipeg, Canada. The acquisition is expected to be completed during the second quarter 2013.
“We already have a strong cooperation with CUBEX and since 2009 Sandvik serves as global distributor responsible for sales and service of CUBEX products worldwide,” said Gary Hughes, President of the Sandvik Mining business area. “The acquisition is in line with Sandvik’s long-term strategy of continued profitable growth and to deliver increased customer value. CUBEX’s knowledge of the ITH drilling method complements Sandvik’s already extensive offering in underground drilling.”
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