G31 Divestments and assets held for sale
The divestments of operations executed in 2024 and 2025 are specified below.
Business area |
Company/Unit |
Divestment date |
Annual revenue |
No. of employees |
||
|---|---|---|---|---|---|---|
2024 |
||||||
Machining and Intelligent Manufacturing |
DWFritz Automation |
August 28, 2024 |
590 MSEK in 2023 |
228 |
||
Mining |
Eimco Elecon1) |
N/A |
N/A |
|||
2025 |
||||||
Machining and Intelligent Manufacturing |
Cimquest, Inc. |
September 2, 2025 |
99 MSEK 12M |
14 |
||
Mining |
Eimco Elecon1) |
N/A |
N/A |
|||
Machining and Intelligent Manufacturing |
Advanced Theodolite Technology, Inc. |
October 1, 2025 |
145 MSEK 12M |
30 |
||
|
||||||
|
2024 |
2025 |
|---|---|---|
Intangible assets |
224 |
43 |
Property, plant and equipment |
79 |
26 |
Other non-current assets |
2 |
113 |
Inventories |
29 |
4 |
Receivables |
150 |
52 |
Cash and cash equivalents |
1 |
6 |
Interest-bearing loans and borrowings |
172 |
13 |
Other liabilities and provisions |
–17 |
– |
Deferred tax assets/liabilities, net |
– |
–3 |
Net identifiable assets |
638 |
254 |
Gain/loss on divested operations |
–220 |
127 |
Consideration received |
–22 |
342 |
Less: Cash and cash equivalents in the divested operations |
–1 |
–6 |
Impact on the Group’s cash and cash equivalents, divested operations |
–22 |
336 |
Divestments and assets held for sale
Sandvik made no divestments with major impact during 2025. During the year, Sandvik divested its holding of shares in the associated company Eimco Elecon (India) Limited. The holding has previously been reported as assets held for sale. The divestment incurred a capital gain, including transactional costs, of SEK 128 million in the third quarter of 2025 and had a positive cash flow effect for the Group of SEK 253 million.
During the year, Sandvik also divested the American company Advanced Theodolite Technology, Inc. (ATT), a provider of onsite precision measurement services to the aerospace industry, as well as the additive business of Cimquest, Inc. The holding of ATT has previously been reported as assets held for sale.
As of December 31, 2025, the Group recognizes no assets, or liabilities directly attributed to assets held for sale.
§ Accounting principles
Non-current assets classified as held for sale and the assets of a disposal group classified as held for sale are presented separately from the other assets in the balance sheet. The liabilities of a disposal group classified as held for sale are presented separately from other liabilities in the balance sheet.