Sandvik acquires Allied Construction

Sandvik Mining & Rock Technology signed an agreement to acquire Allied Construction Products, a distributor of hydraulic hammers and manufacturer of compactor plates and mounting brackets.

The acquisition of Allied establishes an enhanced sales, service and support platform for the company’s North American customer base. It also enables Sandvik to expand its existing dealer network into new regions and penetrate new customer segments with a broader product offering, the company says.

Allied will obtain additional strength and access to technology through the acquisition.

Allied and Sandvik have been partners since 2003, with Allied being the U.S. distributor for Rammer products. According to Sandvik, it was already a 21 percent minority shareholder of the company, and its products generate about 80 percent of Allied’s revenues.

The transaction is expected to close during the third quarter this year. Both parties agreed not to disclose the purchase price of the transaction.