Sandvik to acquire mine optimisation software provider
15 November 2022
Sandvik has signed an agreement to acquire Polymathian Industrial Mathematics (“Polymathian”), an Australia-based provider of advanced mine optimization software and services.
Polymathian’s product offering includes mining operations optimisation and simulation software for areas such as extraction process, material flow, energy and fuel consumption, and maintenance efficiency.
Polymathian will be a part of Business Unit Deswik and remain OEM (Original Equipment Manufacturer) agnostic. Sandvik says that the acquisition will enable them to further accelerate the development of its end-to-end optimisation, BEV (Battery Electric Vehicle), and AutoMine offerings.
“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.