Full-Time
Posted on 5/9/2026
Mining, rock excavation, metal cutting solutions
No salary listed
Madrid, Spain
In Person
| , |
Sandvik is a global engineering company focused on mining and rock excavation, rock processing, and metal cutting, supplying tools, machines, and related services. Its products perform material extraction, rock breaking, crushing, and precision cutting to help customers mine, process, and shape metals. It differentiates itself through a long history, deep specialization in its core domains, an integrated portfolio, and a strategy that keeps focus on core businesses while divesting non-core units like Alleima. Its goal is to help customers improve productivity, safety, and sustainability in heavy industry by providing reliable equipment, tools, and support.
Company Size
10,001+
Company Stage
IPO
Headquarters
Stockholms kommun, Sweden
Founded
1862
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Flexible Work Hours
Professional Development Budget
Training Programs
Parental Leave
Wellness Program
Employee Referral Bonus
Performance Bonus
Remote Work Options
Sandvik has acquired 80% of the Canada-based K&Y Diamond, a leading manufacturer of
Sandvik is investing in a new manufacturing facility in Greater Sudbury, Canada, to increase production capacity and support industrial and construction customers in North America. The expansion marks a long-term commitment to the region. The announcement comes as Sandvik's shares trade at SEK399.4, showing strong recent performance with returns of 15.3% over the past month and 76.7% over one year. However, the stock is trading approximately 20% above analysts' target price of SEK331.8 and 53.1% above estimated fair value. The company's price-to-earnings ratio of 34.1 exceeds the machinery industry average of 24.7, raising valuation concerns. Investors are monitoring whether revenue and earnings from the new facility will justify current valuations.
Sandvik has signed an agreement to acquire ThoroughTec Simulation, a South Africa-based provider of equipment simulators and training systems for the mining industry. The company will be reported within Sandvik's Parts and Services division. ThoroughTec develops OEM-agnostic training simulators and offers a training management system to help mining customers improve productivity, operator safety and reduce maintenance costs. The acquisition will combine ThoroughTec's simulators with Sandvik's digital solutions to enable customised, data-driven operator training programmes. Headquartered in Durban, ThoroughTec employs over 200 people and generated revenues of around SEK 170 million in 2025. The purchase price was not disclosed. The transaction is expected to close during the second quarter of 2026, subject to regulatory approvals.
Sandvik AB is set to release its Q4 2025 earnings on 27 January 2026. The consensus estimate forecasts revenue of $3.28 billion and earnings of $0.34 per share for the quarter. Full-year 2025 revenue is expected to reach $12.67 billion with earnings of $1.24 per share. Revenue estimates for 2026 have risen from $13.57 billion to $14.03 billion over the past 90 days, whilst earnings estimates increased from $1.39 to $1.48 per share. In the previous quarter, Sandvik's revenue of $3.07 billion missed expectations by 0.84%, but earnings of $0.30 per share beat forecasts by 6.07%. The stock rose 3.08% following those results. Analysts currently maintain a "hold" recommendation on the stock.
Sandvik has secured a €500 million loan from the European Investment Bank (EIB) with a seven-year term. This funding will support Sandvik's R&D investment plans until 2030, focusing on developing advanced, productive, safe, and sustainable solutions. The EIB, as the EU's lending arm, aims to enhance EU competitiveness and innovation. Sandvik's CEO, Stefan Widing, highlighted the loan's role in supporting their R&D initiatives and funding strategy.