SDVKY - Sandvik completes the acquisition of advanced mine optimization software provider Polymathian Industrial Mathematics

PR Newswire

STOCKHOLM , Feb. 1, 2023 /PRNewswire/ -- Sandvik has completed the previously announced acquisition of Polymathian Industrial Mathematics ("Polymathian"), an Australia -based provider of advanced mine optimization software and services. Polymathian will be reported in Digital Mining Technologies, a division within business area Sandvik Mining and Rock Solutions (SMR).

The company's annual revenues per June 2022 were around SEK 100 million . The EBITA margin is approximately 40 percent and impact on Sandvik's earnings per share (excluding PPA) will be accretive.

Sandvik AB

For further information, contact Louise Tjeder , VP Investor relations, phone: +46 (0) 70782 6374 or Johannes Hellström, Press and Media Relations Manager, phone: +46 (0) 70721 1008.

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SOURCE Sandvik