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In order to strengthen mining and tunneling solutions, Sandvik has acquired DSI Underground. The deal includes DSI’s ownership stake in four joint ventures (“Rocbolt Technologies”) based in China, South Africa, Mongolia and Australia.

  • DSI Underground, the global leader in ground support and reinforcement products, systems and solutions for the underground mining and tunneling industries.
  • Earlier Sandvik signed and completed three agreements to acquire the Joint Venture partner’s (Jennmar) share of the Rocbolt Technologies JVs in China, South Africa and Mongolia. Jennmar will continue to be a JV partner in Australia.
  • The DSI acquisition, including purchase price allocation, accounting treatments related to the acquisition, and full consolidation of the three JVs.

The prominent acquisitions and deals by Sandvik are featured below:

July 2021: Sandvik to expand its presence in China, has agreed to acquire 67% stake in Chuzhou Yongpu Carbide Tools Co., Ltd. The leading solid round tools manufacturing company Chuzhou Yongpu Carbide Tools Co., Ltd is mainly focused on global and local OEMs and connected suppliers operating in China.

June 2021: In order to expand mining solutions, Sandvik agreed to acquire Tricon Drilling Solutions Pty. Ltd. Perth, Australia based Tricon is a privately-owned leading supplier of rock tools for the mining industry.

March 2021: To accelerate the production, Sandvik Group announced to build a new manufacturing facility in Menghe Town, Changzhou National Hi-Tech District. The company plans to invest USD 15 million for new manufacturing facility in China.

Dec 2020: Sandvik had completed the acquisition of the entire business of the Indian company Miranda Tools. Kolkata based Miranda Tools is a leading manufacturer of High Speed Steel and solid carbide round tools.

Oct 2020: Sandvik announced to acquire a software company CGTech. The US based CGTech is a global market leader in software for numerical control (NC/CNC) simulation, verification and optimization.

July 2020: Sandvik announced that Sandvik Mining and Rock Technology signed an agreement to acquire USA based Allied Construction Products LLC. The acquisition of Allied enables Sandvik to expand the existing dealer network into new regions and to penetrate new customer segments with a broader product offering.

June 2020: Sandvik Machining Solutions announce that its subsidiary Dormer Pramet, had reached an agreement to acquire the entire business of the Indian company Miranda Tools, comprising manufacture of High Speed Steel and solid carbide round tools.

June 2020: Sandvik had announced the completion of acquisition of the cutting tools division of QUIMMCO CENTRO TECNOLĂ“GICO (QCT), a privately owned Mexican company offering integral machining solutions.

March 2020: Sandvik had completed the previously announced divestment of Sandvik Drilling and Completions (Varel), meaning the operations relating to the oil and gas industry to the private equity firm Blue Water Energy and its co-investor, the privately owned Nixon Energy Investments.

January 2020: Sandvik had completed the previously announced acquisition of Summerill Tube Corporation, a manufacturer of high precision tubes. Since 1892 it has delivered seamless and welded tubing in stainless steels and nickel alloys to various high demanding industries including aerospace, transportation and petrochemical.

January 2020: Sandvik acquired a privately owned Thermaltek Inc., a manufacturer of high temperature furnace systems and metallic heating elements headquartered in North Carolina, USA.

About Sandvik
Sandvik is a Swedish high-tech and global engineering Group. The Sandvik Group conducts operations in three business areas with responsibility for research and development (R&D), production and sales of their respective products and services. The company has approximately 40,000 employees across the world. Sandvik is a leading manufacturer of tools and tooling systems for advanced industrial metal cutting. It also manufacture stainless steels and special alloys for the most demanding industries. The business area also comprises the areas of additive manufacturing and digital manufacturing.

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