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 27, 2024
News
USU Study Looks at Water Main Break Rates in the U.S. and Canada
Report Highlights Correlation Between Material and Diameter
Mar 26, 2024
News
Update BE-21: New Material in Course and Modules on Trenchless Pipe Installation
Online training on the topic of pipeline installation in civil engineering: Trenchless technology for underground drainage construction can be a resource-efficient, environmentally friendly, time-saving, and cost-effective alternative to open cut methods. The UNITRACC e-learning course "Utility Tunnelling" has been enhanced …
Mar 25, 2024
Article
Bacteria as a new weapon in wastewater treatment
In early November, San Diego based startup Aquacycl officially opened its first European office and test center at the Water Campus in Leeuwarden. The Netherlands Foreign Investment Agency (NFIA) and the Investment and Development Agency for the Northern Netherlands (NOM) …
Mar 22, 2024
News
A superior HDD offering
Building on its relationships with leading horizontal directional drilling companies, TRACTO Australia has delivered three new rigs to operator Superior HDD.
Mar 20, 2024
News
New portable water filtration technology could improve access to clean drinking water worldwide
The University of Texas at Austin has developed an injectable water filtration system with the aim to aid the over two billion people worldwide who are without clean drinking water.
Mar 18, 2024
News
Global Student Innovation Challenge Calls on Next-Generation Leaders to Tackle Water Security
High School and University Students Worldwide Invited to Expand Water Access and Community Resilience
Mar 15, 2024
News
New water treatment wins Prestigious Award
Introducing a advancement in water treatment, developed by Cardiff University researchers in collaboration with Origin Aqua, the FreeOxTM technology has garnered acclaim by winning a prestigious challenge award at the World Water Tech Innovation Summit. This single-step process not only …
Mar 13, 2024
News
Satellite-based river monitoring technique could provide early warning of flooding
A satellite-based method for monitoring the flow of rivers from orbit could provide a valuable early warning system for flood risk, University of Glasgow researchers have claimed.
Mar 11, 2024
News
Revitalising infrastructure with HDD
Through the use of horizontal directional drilling, TasWater is delivering a new sewer pipeline to improve sewer and stormwater transfer capacity in Launceston, Tasmania.
Mar 06, 2024
News
Picking up the pace on climate action: Building momentum from COP28
At the halfway point of the Paris Agreement, the legally binding international treaty on climate action, average global temperatures are already hitting 1.8°C above pre-industrial levels and future projections are stark. At COP28 in December, we could not escape the reality …
Mar 01, 2024
News
Luminescent sensor detects ‘forever chemical’ pollution in water
Researchers in the UK and Germany have developed a new approach for detecting pollution from ‘forever chemicals’ in water through luminescence.
Feb 28, 2024
Article
BETT installation demonstrating GHG emissions reduction of wastewater treatment
This study presents BioElectrochemical Treatment Technology (BETT) as a new wastewater management solution toward the Net-Zero future. The results reported herein were collected from a BETT pilot system installed at a large brewery in Los Angeles, CA, United States processing …
Contact
Sandvik
Louise Tjeder
Vice President Investor Relations
World Trade Center, Kungsbron 1
111 22 Stockholm
Sweden
Phone:
+46 70 782 6374