Sandvik plans to acquire drilling solutions business and operations of Canadian Cubex.
Cubex is an industry-leading drilling solutions provider focused on design and manufacturing of a wide range of underground in-the-hole (ITH), and geo-technical drilling equipment. CUBEX products are distributed globally, and the current main markets are the United States, Canada, Africa, South America, and Australia. The acquisition is expected to be completed during the second quarter 2013.
Source: YourIndustry News