Sandvik to acquire advanced mine optimization software provider Polymathian Industrial Mathematics
SANDVIK AB S/ADR (SDVKY)
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Source: PR Newswire
STOCKHOLM, Nov. 14, 2022 /PRNewswire/ -- Sandvik has signed an agreement to acquire Polymathian Industrial Mathematics ("Polymathian"), an Australia-based provider of advanced mine optimization software and services. Polymathian will be reported in Digital Mining Technologies, a division within business area Sandvik Mining and Rock Solutions (SMR).Polymathian's solutions for automated decision-making and process optimization complements the offering of Deswik, the world's leading mine planning software company which Sandvik acquired in April, 2022 (Sandvik completes the acquisition of the leading mine planning software company Deswik). Polymathian's product offering includes mining operations optimization and simulation software for areas such as extraction process, material flow, energy & fuel consumption and maintenance efficiency, and it counts several of the world's largest mining companies as customers. "With the acquisition of Polymathian we continue to broaden our offering to e
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