Engineering company Sandvik has signed an agreement to acquire DSI Underground, a specialist in ground support and reinforcement products, systems and solutions for the underground mining and tunnelling industries
The company will be reported in Sandvik Mining and Rock Solutions.
?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,? said Stefan Widing, president and CEO of Sandvik.
DSI Underground is present in 70 countries, with 22 production units situated close to end customers. The product offering includes bolting systems, injection chemicals and resin capsules.
?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 tunnelling,? said Henrik Ager, president of Sandvik Mining and Rock Solutions.
The transaction is expected to close by mid-2021 and is subject to relevant regulatory approvals.
