Sandvik has inked a deal to take over Australian-based mine optimization software and services group Polymathian Industrial Mathematics.
Polymathian, based in Brisbane, will be reported in Digital Mining Technologies, a division within business area Sandvik Mining and Rock Solutions (SMR).
No financial details were released.
“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,” the company said, noting that Polymathian’s product offering includes mining operations optimization and simulation software for extraction processes, material flow, energy and fuel consumption and maintenance efficiency.
President and CEO Stefan Widing added that the takeover will broaden its line for customers’ productivity enhancements along the value chain.
“[Its] automated decision-making and process optimization, together with Deswik’s software tools for planning and managing production, represent a unique combination in the market,” he added.
Polymathian will be a part of business unit Deswik and remain OEM agnostic.
The transaction is expected to close during the first quarter of 2023.