Solaris exits Canada for Switzerland with new CEO, board and spin-out plans
The company changed its board of directors and plans to spin out non-core assets La Verde, Capricho, and Paco Orco into a new company.
Tool and machinery maker Sandvik’s (SAND.ST: Quote) first-quarter operating margin was blown south of analysts’ forecasts by currency headwinds, sending its shares down more than 3 percent.
The maker of metalworking tools, mining equipment and specialty steels was among the hardest hit in Sweden’s engineering sector during the financial crisis, but has since been buoyed by a rapid recovery in demand.
