Sandvik Completes Acquisition of Deswik, Leader in Mine Planning Software

SANDVIKEN, Sweden, April 4, 2022 /PRNewswire/ — Sandvik has completed the previously announced acquisition of Australian company Deswik, the leading and fastest growing provider of mine planning software. Deswik will be part of a new Digital Mining Technologies division within the Sandvik Mining and Rock Solutions business area.

Deswik revenue by October 2021, on a rolling twelve-month basis, totaled AUD 79 million, of which the recurring revenue share was around 45%, and with an EBITA margin of around 30%. The impact on earnings per share (excluding non-cash amortization effects of business combinations) will be accretive.

stockholm, April 4, 2022

Sandvik AB

For more information, contact Louise TjederVP Investor Relations, tel. : +46 (0) 70782 6374 or Johannes Hellström, Press and Media Relations Manager, tel. : +46 (0) 70721 1008.

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