SP Mining's business had revenues in the 2021 financial year of about €160 (A$240) million. It has about 630 employees. Sandvik president and CEO Stefan Wilding said the acquisition was part of the company's shift to growth strategy by expanding its core offering in a profitable niche and also strengthening its aftermarket share of the rock processing business. "This validates our strategy when forming the Sandvik Rock Processing business area and it allows us to bring value to a larger part of our mining customers' value chain," Wilding said.