Sandvik AB is a global industrial company operating in three business segments: Sandvik Tooling, Sandvik Mining and Construction, and Sandvik Materials Technology. Sandvik Tooling develops, manufactures and sells tools for metal cutting. Customers for this segment include companies in the automotive and aerospace industries. Sandvik Mining and Construction is a supplier to the mining and construction industries, and Sandvik Materials Technology is engaged in materials and process technology. The Company operates through its subsidiaries in 130 countries. Sandvik AB is headquartered in Sandviken, Sweden. During the year ended December 31, 2007, Sandvik Tooling acquired Diamond Innovations.
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