Sandvik to acquire leading mine planning software company Deswik and launch new Digital Mining Technologies division
Dec 31, 2021
Sandvik has signed an agreement to acquire Australian-based Deswik, the leading and fastest growing major provider of mine planning software. Deswik will be part of a newly formed division Digital Mining Technologies within business area Sandvik Mining and Rock Solutions.
By acquiring Deswik, Sandvik gains a top-tier supplier of integrated software platforms that support digitalization throughout mine planning stages, with more than 10,000 current licenses. Deswik has a high quality customer base, and its strong profitable growth and low customer churn will further enhance Sandvik’s presence within software and digitalization, and help accelerate growth.
“I am very pleased that we continue to execute on our shift to growth strategy, and continue to broaden our offering with digital solutions that increase productivity in the customer’s value chain. Mine planning and operations management is a key growth opportunity, and this complementary acquisition and our new Digital Mining Technologies Division will strengthen our digital offering and enable us to provide customers a more comprehensive suite of technologies,” says Stefan Widing, President and CEO of Sandvik.
Deswik will fill a value chain gap in Sandvik Mining and Rock Solutions’ offering, increasing upstream mining coverage and enabling opportunities for end-to-end optimization solutions, including, for example, incorporating electrification at the mine planning stage. Its core software suite includes computer-aided 3D mine design, scheduling, operations planning, mining data management and geological mapping. Deswik also offers a range of consultancy services, including mine planning, scoping, software implementation and training support.
Sandvik estimates that transaction costs of approximately SEK 50 million in total will impact Sandvik Mining and Rock Solutions in the fourth quarter.
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Contact
Sandvik
Louise Tjeder
Vice President Investor Relations
World Trade Center, Kungsbron 1
111 22 Stockholm
Sweden
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+46 70 782 6374