Sandvik has signed an agreement to acquire the Italy-based company Diemme® Filtration, a leading

Sandvik has partnered with Rio Tinto to integrate its i-series surface drill rigs with Rio Tinto's Autonomous Drilling System. The collaboration will combine Sandvik's AutoMine automation technology with Rio Tinto's remote operations expertise to improve safety, productivity and system interoperability in open-pit mining. Development will be managed through Rio Tinto's Perth Operations Centre, beginning with testing at Sandvik's facility in Finland. Field trials will follow at Rio Tinto's Western Australian operations to evaluate performance against production targets. The project leverages existing autonomous infrastructure at Rio Tinto's iron ore sites and aligns with both companies' expansion plans, including Sandvik's recent copper mine equipment orders and Rio Tinto's $1.5 billion Quebec smelter expansion, due to complete by end-2026.

Swedish engineering group Sandvik reported strong first-quarter results for 2026, with order intake rising 23% to SEK 36.8 billion and revenues increasing 15% to SEK 30.7 billion, both at fixed exchange rates and organically. The company's adjusted EBITA margin improved to 20.0% from 19.7% in the prior year period, whilst adjusted EBIT margin reached 18.6%, up from 18.0%. Adjusted profit before tax rose to SEK 5.5 billion from SEK 5.0 billion. Diluted earnings per share increased to SEK 3.09 from SEK 2.97, whilst adjusted diluted earnings per share reached SEK 3.27, up from SEK 3.01. Free operating cash flow stood at SEK 3.6 billion, down slightly from SEK 3.8 billion in the same quarter last year.