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Sandvik completes Deswik acquisition

The deal marks Sandvik’s second acquisition in 2022

Mergers and acquisitions

Sandvik has officially completed its previously declared acquisition of mine planning software provider Deswik.

The deal, which was first announced in December 2021, will see Deswik become a part of Sandvik Mining and Rock Solutions’ newly formed business division Digital Mining Technologies. 

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Australian-based Deswik offers a range of mining-focused integrated software and consulting solutions, including computer-aided 3D mine design, operations planning, mining data management, and geological mapping.

Deswik’s acquisition will “fill a value chain gap in Sandvik Mining and Rock Solutions’ offering”, according to Sandvik.

Per reports, Sandvik Mining and Rock Solutions’ latest Digital Mining Technologies unit is earmarked for developing sustainable solutions that incorporate electrification, automation, digitalization, and end-to-end optimization.

“Deswik’s second to none software suite combined with Sandvik’s digital and automation offering creates a clear world leader in digital solutions for the mining industry,” commented Henrik Ager, president of Sandvik Mining and Rock Solutions.

“Combining Deswik’s skills in mine planning and scheduling with our equipment and automation expertise will open new opportunities for optimizing our customers’ mining value chain,” added Ager.

Earlier this year, Sandvik secured a SEK 2 billion deal from Broken Hill Propriety (BHP) to develop underground mining equipment and automation solution for the mining firm’s Jansen Potash project.

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