SDVKY - Sandvik to acquire Australia-based Polymathian Industrial Mathematics

• Sandvik ( OTCPK:SDVKY ) to acquire Australia-based Polymathian Industrial Mathematics, an  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 and will be a part of Business Unit Deswik and remain OEM (Original Equipment Manufacturer) agnostic.
• The move to broaden Sandvik's offering to enhance productivity in mining customers' value chain and enable Sandvik to further accelerate the development of its end-to-end optimization, BEV and AutoMine® offerings, by leveraging Polymathian's unique skillset and platform.
• The parties have agreed not to disclose the purchase price.
• The deal is expected to close during the first quarter of 2023.

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