Stanley Black & Decker Inc (NYSE:SWK)

$ 89.77 0.23 (0.26%) Market Cap: 13.84 Bil Enterprise Value: 20.03 Bil PE Ratio: 0 PB Ratio: 1.56 GF Score: 74/100

Epiroc AB Acquisition of Stanley Black & Decker Inc M&A Call Transcript

Dec 15, 2023 / 02:30PM GMT

Release Date Price: $98.63 (-2.82%)

Transcript

Helena Hedblom;publ;CEO

Epiroc AB;President & Director

()- -

Hello, everyone. Good afternoon and good morning, depending on where you are in the world. And thank you for taking the time. My name is Helena Hedblom, I am the President and CEO of Epiroc and a happy employee in the group since many years. And by my side, I have my colleagues, Goran Popovski, President for Tools and Attachments business; and Hakan Folin, our CFO.

So today, we have exciting news to share. We have announced the strategic acquisition of STANLEY Infrastructure. So I will start with a brief summary of the deal. So what are we acquiring? STANLEY Infrastructure is a global manufacturer of excavator attachments and handheld hydraulic and battery-operated tools used in infrastructure, construction, scrap recycling, demolition and railroad applications.

So why are we then making this acquisition? We want to strengthen and diversify Epiroc's long-term presence in the Attachments business within Infrastructure and construction, especially in the United States. And STANLEY

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