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.
More News and Articles
Mar 24, 2023
Innovative technologies remove pharmaceutical residues from wastewater
Every year on 22 March, World Water Day reminds us of the importance of one of the most important resources of life. Almost two-thirds of our planet is covered with water, but not even three percent is drinkable freshwater. Every …
Mar 22, 2023
Delivering sustainable solutions to solve water challenges
With British Water’s conference on creating a more sustainable water sector approaching, Stephen Kennedy, head of digital and innovation at MWH Treatment shares his views on celebrating recent successes in creating a more sustainable sector while also discussing the challenge …
Mar 20, 2023
Supporting the National Water Strategy through scientific research
This month, the federal government of Germany introduced the first National Water Strategy. “With this strategy, the federal government is shining a spotlight on the necessity of integrated water resource management, serving as a leading example of resource use in …
Mar 17, 2023
Trenchless manufacturer celebrates installation of 100,000th liner
SAERTEX multiCom®’s trenchless pipe relining product, SAERTEX-LINER, has been installed for the 100,000th time.
Mar 13, 2023
Spring collaborates with Microsoft and Impact X on water innovation
The water sector’s innovation centre of excellence – Spring - is collaborating with Microsoft and Impact X on a new initiative to make tools and funding available for start-ups to accelerate their companies.
Mar 10, 2023
State of Global Water Resources report informs on rivers, land water storage and glaciers
WMO reports on freshwater availability in a changing climate
Mar 08, 2023
Australia: Centenarian sewer gets after-dark upgrade
Over 100 years since its inception, Brisbane’s S1 Main Sewer has undergone a seven-year upgrade.
Mar 06, 2023
UKWIR gives access to hundreds of water sector research reports
UK Water Industry Research (UKWIR) is providing free access to over 1,000 of its water sector research reports aimed at helping to improve water and wastewater services for customers, and protecting the environment.
Mar 03, 2023
Sector must challenge public misconceptions through engagement
The water sector must tackle “unfair criticisms” by sharing more about the great work it delivers, Yorkshire Water’s chief executive, Nicola Shaw, told attendees at British Water’s Better Together reception in Hull.
Mar 01, 2023
World-first project to ‘self heal’ cracked concrete using sludge could save $1.4 billion repair bill to Australia’s sewer pipes
Water treatment sludge could be used to prevent 117,000 kilometres of sewer pipes in Australia from cracking in future, without any intervention by humans, helping to save $1.4 billion in annual maintenance costs.
Feb 27, 2023
Delaware Water Treatment Plant Opts for Penetron to Protect New Concrete Structures
The final 2022 commissioning of the Doe Run Road Water Treatment Plant enables the city of Newark, Delaware (USA), to increase the quantity and quality of the city's drinking water to better meet growing demand – and EPA guidelines. PENETRON …
Feb 24, 2023
Aussie Trenchless: the future of pipe rehabilitation solutions
Aussie Trenchless has been passionate about progressing future infrastructure opportunities and accomplishing superior outcomes since it was founded in 2014.
Vice President Investor Relations
World Trade Center, Kungsbron 1
111 22 Stockholm
+46 70 782 6374