SDVKF - Sandvik to acquire mine planning software firm Deswik

Sandvik (OTCPK:SDVKF) has signed an agreement to acquire Australian-based Deswik, a 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. Deswik will fill a value chain gap in Sandvik Mining and Rock Solutions' offering, increasing upstream mining coverage and enabling opportunities for end-to-end optimization 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. The transaction is expected to close during Q1 2022. Sandvik estimates that transaction costs of ~SEK50M in total will impact Sandvik Mining and Rock Solutions in Q4.

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Sandvik to acquire mine planning software firm Deswik