By acquiring Deswik, Sandvik obtains a provider of integrated software platforms that support digitization throughout the mine planning stages with more than 10,000 licenses.
Deswik will fill a value chain gap in Sandvik Mining and Rock Solutions’ offering, increasing upstream mining coverage and providing end-to-end optimization solutions opportunities. This includes the integration of electrification at the mine planning stage.
Its core software suite includes computer-aided three-dimensional mine design, planning, operations planning, mining data management and geological mapping.
Deswik also offers a range of consulting services including mine planning, scoping, software implementation and training.
Sandvik President and CEO Stefan Widing said mine planning and operations management are key growth opportunities.
He said the acquisition and business of Digital Mining Technologies would strengthen Sandvik’s digital offering and enable it to provide customers with a more complete suite of technologies.
Deswik will be one of the three cornerstones of the Digital Mining Technologies business, which was created to accelerate the achievement of Sandvik’s goal of leading the industrial development of underground solutions for sustainability and productivity in the areas of end-to-end electrification, automation, digitization and optimization.
Sandvik Mining and Rock Solutions President Henrik Ager said Deswik’s software suite combined with Sandvik’s digital and automation offering has created a global leader in digital solutions for mining.
âThe combination of Deswik’s mine planning and scheduling skills with our equipment and automation expertise will open up new opportunities to optimize our clients’ mining value chains,â he said. declared.
Private company Deswik, established in 2008 and based in Brisbane, has around 300 employees and operates out of 14 offices in 10 countries.
In October, Deswik’s 12-month rolling revenue was AU $ 79 million, of which around 45% was recurring revenue. On this income, the company had earnings before interest, taxes, depreciation and amortization margin of approximately 30%.
On November 30, Deswik announced that it had extended the digital capabilities of its mining operations through the acquisition of mobile applications developed by Mineops Software.
Renamed Deswik.Apps, the application suite is designed to allow operators to access critical task-specific data on a tablet or mobile device while working offline in underground operations.
The apps, the vision of Mineops Director Joanna Martyr, grew out of a real-world mining experience where she identified the opportunity to digitize the way mining operators performed their daily tasks.
The transaction is expected to close in the first quarter of 2022.