Sandvik to acquire Australian mine-planning software company Deswik
Sandvik has announced that it has signed an agreement to acquire Australian-based Deswik, a fast-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 says that it is gaining a top-tier supplier of integrated software platforms that support digitalisation throughout mine-planning stages, with more than 10,000 current licences. 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 digitalisation, 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,” said Stefan Widing, President and CEO of Sandvik. “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.”
Deswik will fill a value chain gap for Sandvik Mining and Rock Solutions, increasing upstream mining coverage and enabling opportunities for end-to-end optimisation 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.
“Deswik’s second-to-none software suite combin
Deswik will form one of three cornerstones in the newly created Digital Mining Technologies division, established to accelerate the execution of Sandvik Mining and Rock Solutions’ strategic priority to lead the industry development of underground sustainability and productivity solutions in electrification, automation, digitalisation and end-to-end optimisation. The new division also includes Sandvik Mining and Rock Solutions automation solutions and the Newtrax telemetry and collision avoidance solutions.
Privately owned Deswik, established in 2008 and headquartered in Brisbane, has approximately 300 employees and operates 14 offices in 10 countries. The company has demonstrated strong and profitable growth over the past decade in the large and growing mining software market.
The transaction is expected to close during Q1 2022, subject to relevant regulatory approvals.
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