Sandvik has signed an agreement to acquire Deswik, a privately owned mine planning software provider based in Brisbane, Australia. Deswik will form one of three cornerstones for Sandvik’s new Digital Mining Technologies, which also includes the company’s automation solutions group and the Newtrax telemetry and collision avoidance systems.
By acquiring Deswik, Sandvik said it 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 large customer base, and has achieved profitable growth with low customer churn, according to 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,” Sandvik President and CEO Stefan Widing said.
By increasing upstream mining coverage, Deswik will enable Sandvik with opportunities for end-to-end optimization solutions, such as 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 has 300 employees and operates 14 offices in 10 countries. The transaction is expected to close during the first quarter of 2022, subject to relevant regulatory approvals.