Sandvik completes acquisition of Polymathian
Deswik welcomes Polymathian Industrial Mathematics following Sandvik acquisition.
MEDIA RELEASE - Brisbane, QLD Australia - 1st February 2023
Sandvik announced today it has completed the previously announced acquisition of Polymathian Industrial Mathematics (“Polymathian”) (Sandvik to acquire advanced mine optimization software provider Polymathian Industrial Mathematics).
The Australian-based provider will form part of Sandvik Mining and Rock Solutions’, Business Unit Deswik. Polymathian’s solutions for automated decision-making and optimization complements Deswik’s suite of mine planning software and consulting services whilst remaining OEM agnostic. Deswik, a leading mine planning software company, was previously acquired by Sandvik in April 2022.
“We are very excited to welcome Polymathian to the Deswik family,” said Matt Chilcott, CEO of Deswik. “Our employees have been the driving force behind our success. Introducing the talent, experience, and innovative technologies of the Polymathian team will position us to deliver even higher value to mining operations globally.”
The addition of Polymathian to Sandvik Mining and Rock Solutions broadens the offering and is another step towards enhancing the productivity of the mining customers’ value chain. Combined with Deswik’s software solutions, the acquisition creates a unique digital portfolio that will help customers optimize their data driven operations.
Polymathian's co-founders, Dr. Ben Hollis, Jonathon White and Steven Donaldson will join Deswik’s senior management team and continue to lead the development of Polymathian's software suite and technology platform.
"We are thrilled to be joining the Sandvik Group and believe that our combined expertise will lead to great advances in the field of data analytics for the mining industry," Hollis said. "We look forward to leveraging Sandvik's global reach and resources to bring our software solutions to even more customers around the world."
The terms of the acquisition have not been disclosed.
About Sandvik
Sandvik is a global, high-tech engineering group providing solutions that enhance productivity, profitability and sustainability for the manufacturing, mining and infrastructure industries. We are at the forefront of digitalization and focus on optimizing our customers’ processes. Our world-leading offering includes equipment, tools, services and digital solutions for machining, mining, rock excavation and rock processing. In 2021 the Group had approximately 39,000 employees and revenues of about 86 billion SEK in about 150 countries within continuing operations.
About Polymathian
Polymathian adds significant value for customers by solving complex planning and scheduling problems with software solutions that utilise advanced industrial mathematics. Polymathian are a team of innovators, software engineers and mathematicians transforming the way industry makes complex planning and scheduling decisions.
About Deswik
Deswik is a global leader in delivering efficiency focused solutions to the mining industry through its software and consulting services. Deswik’s team of experienced mining engineers and software developers work side-by-side to provide tailored solutions that deliver measurable value to our customers. Deswik’s solutions are applicable to all mining sectors and commodities and span across the various stages of the mine planning value chain.
For more information, please contact Louis Okada, Polymathian Sales and Marketing
news@polymathian.com
+61 1800 951 252
