About Extec

Extec and Fintec, two of the world’s leading manufacturers of mobile screening and crushing equipment, have recently joined forces to become one of the world’s leading manufacturers of such equipment. This merger resulted in the two giants becoming part of the Sandvik group of companies following their acquisition in 2007. The acquisition gives Sandvik a very strong base for further expansion, which bodes well for the growing construction industry segment.

“These acquisitions are in line with Sandvik’s long-term strategy of sustained profitable growth, and our goal is to become the leading provider of mobile crushing and screening solutions in the market. With the acquisition of Extec and Fintec, we will expand our customer offering by adding medium and light crushing and screening equipment and thus become a strong supplier in this fast-growing industry,” says Lars Josefsson, President of Sandvik Mining and Construction.

“Extec and Fintec have modern production facilities, they are strong in research and development and have well-developed distribution networks. This, combined with Sandvik's global resources, will enable us to take our crushing and screening business into new markets and serve our customers even better," says Lars Josefsson.
On strong footing
Extec, based near Birmingham, is a leading developer and manufacturer of mobile crushing equipment for the construction industry. The company employs 450 people and had sales of SEK 1.8 billion in 2006. The company has production facilities in Birmingham and Northern Ireland, as well as sales and service centres in Australia, the USA and Germany.

Fintec, located 50 miles from Belfast in County Tyrone, manufactures screening equipment for the construction industry. The company employs 325 people and had sales of SEK 560 million in 2006. Both companies have in-depth knowledge of the industry and state-of-the-art production facilities.
A wider range products
The acquisition brings together the expertise and experience of two proven leaders to provide a comprehensive range of mobile screening equipment suitable for quarries, demolition and recycling plants and waste management companies.

Commenting on the combination of these two market-leading product lines, Mr. Hubert Watson, Sales and Marketing Director, said that “the acquisition will provide customers with a wider, more complete range of equipment to choose from; improved spare parts and after-sales service and support. from a world-renowned premium equipment manufacturer.”

Extec and Fintec announced that following the acquisition of both companies by Sandvik, their sales and after-sales operations will join forces to provide customers with a single, broader source of high-quality, proven crushing and screening equipment. In addition to retaining two of the most experienced and respected names in the crushing and screening industry, the combined operation will work through its existing sales force to provide the combined companies with a dynamic and aggressive strategy to meet the specific needs of the crushing and screening industries. Sales and spare parts support for both brands will be provided by Swadlincote and Ballygawley, ensuring customers have fast, efficient and local access to spare parts and after-sales service.
Prominent presence at IMME 2008
Following the two companies becoming one, Extec and Fintec have planned a spectacular joint display of their combined product range at the upcoming IMME 2008 in Kolkata, which will have a prominent presence to underline their position as the leading provider of mobile crushing and screening solutions in the Indian subcontinent. According to Mr. Swapan Das, India representative, “There are already around 400 Extec and Fintec machines operating in India and this year alone we will sell and supply over 65 mobile screens and over 15 mobile crushers. We are currently working with a growing family of loyal Extec and Fintec customers, many of whom are now replacing repeat orders based on their past experience with these brands.” He further added, “Indian customers have long embraced the Extec and Fintec brands, but with Sandvik’s support and our investment in application development, after-sales service and parts support, this has become the fastest growing mobile plant business in all of India.”