The deal allows Sandvik to accelerate the development of offerings like BEV and AutoMine®
Norton Rose Fulbright (NRF) has helped global high-tech engineering group Sandvik to finalise an agreement to acquire Australian advanced mine optimisation software provider Polymathian Industrial Mathematics.
According to Sandvik, Polymathian’s solutions for automated decision-making and process optimisation complements the offering of Brisbane-based consulting and technology business Deswik Group, which the company acquired last April.
"With the acquisition of Polymathian, we continue to broaden our offering to enhance productivity in our mining customers’ value chain,” Sandvik CEO Stefan Widing said. “Polymathian's automated decision-making and process optimization, together with Deswik’s software tools for planning and managing production, represent a unique combination in the market.”
Sandvik confirmed that the acquisition also allows the company to accelerate the development of its end-to-end optimisation offerings BEV (battery electric vehicle), and AutoMine® by leveraging Polymathian’s unique skillset and platform. The deal is expected to be completed by the first quarter of 2023.
Corporate M&A partner Marshall Bromwich led the NRF team in assisting Sandvik with all aspects of the transaction, including legal due diligence and negotiating transaction documents. He was assisted by senior associate Linda Lau and associates Neil Nguyen and Michael Lacey.
“This important acquisition for Sandvik allows it to continue its digital transformation,” Bromwich said. We are pleased to be able to continue to advise Sandvik as it furthers its digital strategy for the benefit of its international business.”