Polymathian has signed an agreement to be acquired by Sandvik, a global, high-tech engineering group providing solutions that enhance productivity, profitability and sustainability for the mining, manufacturing and infrastructure industries.
MEDIA RELEASE - Brisbane, QLD - 16 November 2022
Polymathian will form part of Sandvik Mining and Rock Solution’s Business Unit Deswik, a global provider of design and scheduling solutions for the mining industry. The joining of Deswik and Polymathian brings together two highly complementary businesses focused on the digitalisation and automation of the mining industry.
From its inception ten years ago, Polymathian has grown rapidly, establishing itself as an industry leader in providing optimisation software across the mining value chain.
“We have built a team of innovators, software engineers and mathematicians, passionate about helping the industry to transform decision-making with mathematics and technology,” says Steven Donaldson, Partner and co-founder of Polymathian.
“We are incredibly proud of the accomplishments and reputation the company has built over the years and attribute its success to our commitment to customer service and focus on people and culture,” adds Jonathon White, Director and co-founder of Polymathian.
Polymathian’s industrial mathematics software products will play a key role in executing Sandvik’s digital strategy, being an integral component of the development and deployment of autonomous equipment to achieve the mine of the future.
Polymathian remains committed to providing its customers with innovative optimisation solutions required to solve critical high-value challenges.
“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 optimization, 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.
"We are excited to be joining Sandvik, whose global capabilities and ambitions are strategically aligned with our goals of driving change across the mining industry. We see a highly complementary fit with Deswik and the broader Sandvik group and believe this will be positive for our customers and staff," says Dr Ben Hollis, Director and co-founder of Polymathian.
Polymathian would like to thank PwC and DLA Piper who advised the company on the transaction.
Dr Ben Hollis, Jonathon White and Steven Donaldson
Directors and Partners of Polymathian
For more information, please contact Louis Okada, Polymathian Sales and Marketing
+61 1800 951 252