The acquisition will enable Sandvik to further enhance its end-to-end optimisation, Battery Electric Vehicle (BEV) and AutoMine offerings
Sandvik has signed an agreement to acquire Polymathian Industrial Mathematics, an Australia-based provider of advanced mine optimisation software and services.
According to a statement, Polymathian’s solutions for automated decision-making and process optimisation are expected to complement the offering of Deswik, the mine planning software company, which Sandvik acquired in April 2022.
The acquired company will be reported in Digital Mining Technologies, a division within business area Sandvik Mining and Rock Solutions (SMR).
In August 2022, Sandvik said it had won a $32mn order for battery-electric mining equipment and, in October 2022, Weir and STM Minerals said they would accelerate sustainable mining.
Polymathian’s product offering includes mining operations optimisation and simulation software for areas such as extraction process, material flow, energy & fuel consumption and maintenance efficiency.
“With the acquisition of Polymathian, we continue to broaden our offering to enhance productivity in our mining customers’ value chain. Polymathian’s automated decision-making and process optimisation, together with Deswik’s software tools for planning and managing production, represent a unique combination in the market,” says Stefan Widing, President and CEO of Sandvik.
The acquisition will enable Sandvik to further accelerate the development of its end-to-end optimisation, Battery Electric Vehicle (BEV) and AutoMine offerings, by leveraging Polymathian’s unique skillset and platform.
“Polymathian is a great addition to Sandvik Mining and Rock Solutions, and enables SMR to now have a unique digital portfolio that will help our customers to optimise their data driven operations across the value chain and ensure their mine design is fully compatible with technologies like AutoMine® and BEVs. I am very pleased to welcome Polymathian to the Group,” concluded Mats Eriksson, President of Sandvik Mining and Rock Solutions.