Sandvik, a global high-tech engineering group, has recently completed its acquisition of Polymathian Industrial Mathematics. Based in Australia, Polymathian is a provider of cutting-edge mine optimization software and services.
Enhancing Digital Solutions
This acquisition will enhance Sandvik’s offerings in its Digital Mining Technologies division, within the Sandvik Mining and Rock Solutions business area. The company aims to optimize its customers’ processes and stay at the forefront of digitalization.
Polymathian’s annual revenues as of June 2022 were roughly SEK 100 million, with an EBITA margin of around 40 percent. Sandvik’s earnings per share, excluding PPA, are expected to see a positive impact from the acquisition.
With approximately 40,000 employees and revenues of about 112 billion SEK, Sandvik operates in about 150 countries within continuing operations. The company provides solutions for the manufacturing, mining, and infrastructure industries that aim to boost productivity, profitability, and sustainability.
Committed to Excellence
Sandvik is dedicated to optimizing its customers’ processes and maintaining its position as a leader in the digitalization of industries. The acquisition of Polymathian is a step towards fulfilling this commitment, and the company looks forward to delivering advanced solutions for mine optimization.