Sydney, Australia: Australian privately-owned conveyor OEM, NEPEAN Conveyors Pty Ltd, has finalised negotiations to acquire Sandvik’s International Conveyor Components businesses and Sandvik’s Specialist Conveyor Systems business in Hollola, Finland.
NEPEAN Chief Executive Officer, Miles Fuller, says the acquisition is a great fit with the organisation’s existing conveyor businesses.
“NEPEAN will gain significant facilities in Europe, Scandinavia, Brazil and Western Australia in addition to our existing operations on the east and west coast of Australia and Africa. We will also gain a broad range of advanced technology, leading products and associated IP,” says Mr Fuller.
The acquisition includes 195,000 square metres of world-class manufacturing operations located across Germany, Brazil, Australia, and Finland, and will see around 340 Sandvik staff members join NEPEAN. The acquired Sandvik businesses have a deep and accomplished history, including PROK, GURTEC and ROXON brands.
“The conveyor business is core to NEPEAN. Since 1985, our growth and success has been due to our customer focus, local support capability, passionate employees, leading engineering, and empowered managers with the authority to get things done.
“Putting the needs of customers first is part of NEPEAN’s DNA. We can only prosper if our customers are successful and we are deeply committed to this responsibility. We see this acquisition as a very exciting opportunity to bring together two respected industry leaders in materials handling,” he said.
Through the acquisition, NEPEAN’s customers will have access to the significant IP developed via Sandvik’s outstanding engineering and manufacturing capabilities. New product lines, including market-leading composite roller technologies, will be brought to market as a priority.
“NEPEAN’s relentless drive to deliver for our clients will ensure customers benefit from reduced lead times, and have access to quality conveyor components for aftermarket and major projects in any location globally,” says Mr Fuller.
NEPEAN is already the largest manufacturer of pulleys and idlers in Australia. With the acquisition of Sandvik Conveyor Components, the combined capacity will position NEPEAN as the one of the largest specialists in conveyor components globally; capable of producing many thousands of large engineered pulleys and millions of conveyor rollers annually to service customers in 66 countries.
“Our service offering and the wider suite of products positions NEPEAN as the number one choice for quality conveyor components,” added Mr Fuller
NEPEAN’s conveyor expertise in Australia includes fully-integrated bulk materials handling solutions from the mine to the train or truck load station. With the integration of Sandvik’s assets, NEPEAN will be positioned to provide a unique, integrated set of solutions for the industry.
“This is a major milestone and credit to the NEPEAN team. Our passionate employees, technical strength, lean overheads, vertically-integrated capabilities and the respect we have earned from the industry over 43 years has positioned us for this exciting growth opportunity,” says Mr Fuller.
“Our investment in Sandvik’s Conveyor businesses, and more importantly Sandvik’s customers and employees, is a further commitment to an industry we know well. It is a key step in NEPEAN’s journey to be the global leader in innovative conveyor components,” concludes Mr Fuller.
Details of the transaction were not disclosed.
Further information regarding NEPEAN’s acquisition will be made available on Thursday, 20 July at NEPEAN’s annual conference and associated press release.
For more information or to arrange a time to speak to Chief Executive Officer and Director, Miles Fuller, please contact:
IMPACT Communications Australia
02 9519 5411 | 0459 104 978
About NEPEAN Conveyors Pty Ltd
NEPEAN Conveyors Pty Ltd is part of the NEPEAN, Australia's leading privately owned engineering, mining services and industrial manufacturing organisation, with 15 operating businesses across three continents (prior to the Sandvik acquisition).
NEPEAN possesses unique capabilities to deliver high value, innovative and sustainable solutions for the world's leading mining, construction and transport companies. NEPEAN offers customers unrivalled value stemming from our culture of technical excellence and customer focus, leveraging our IP, globally competitive cost base, and consistent delivery of reliable products, delivered on time, and to customer expectations.