Sandvik has signed an agreement to acquire DSI Underground, the global leader in ground support and reinforcement products, systems, and solutions for the underground mining and tunneling industries. The company will be reported in Sandvik Mining and Rock Solutions business area which supplies equipment, tools, service, and support for the mining and construction industries.
This includes rock drilling and cutting, loading and hauling, tunneling and quarrying. With the addition of DSI Underground, Sandvik will gain a valuable sales footprint around the globe by adding more than 20+ local production facilities on all continents. With this acquisition, Sandvik will be able to offer the industry’s widest range of mining products and solutions with increased resources, expertise, and market reach. DSI Underground builds upon and strengthens Sandvik’s capabilities and solutions in selected key markets.
“This acquisition is an important step in our growth ambition. DSI Underground’s track record of driving progress and safety in underground operations and its global reach will further strengthen our world-leading market position within mining and rock solutions”, says Stefan Widing, President and CEO of Sandvik.
Since Triton’s acquisition in 2011, the management and board of DSI Underground have improved the company by several initiatives. Today DSI Underground is the globally leading system supplier of a large range of innovative ground support systems such as pumpable injection chemicals, resin capsules, galvanized mesh, dynamic anchor systems and forepoling systems for Underground Mining and Tunnelling. DSI Underground develops, produces and supplies high-quality systems that are tailored to suit the individual requirements of its customers. DSI Underground uses the challenges of digitization and “the mine of the future” as an opportunity to ensure sustainability and growth through innovative ideas and concepts.
“With the world’s most extensive choice of ground support products and systems, the DSI Underground’s offering is highly complementary and enables us to deliver greater value and safety to our customers. The deal gives DSI Underground access to Sandvik’s substantial R&D, global service and sales network, complements our growing aftermarket business and strengthens our leadership in underground mining and tunneling”, says Henrik Ager, President of Sandvik Mining and Rock Solutions.
Source: The Mining Executive