Tag Archives: DSI Underground

Sandvik reinforces underground mining safety focus with DSI Underground buy

Mining consumables, Mining equipment, Mining mergers and acquisitions, Mining services, , , , , ,

Sandvik has signed an agreement to acquire DSI Underground, a global leader in ground support and reinforcement products, systems and solutions for the underground mining and tunneling industries, from owner Triton.

The OEM has agreed a purchase price of approximately €943 million ($1.15 million) on a cash and debt free basis, it said, adding that the company will be reported in the Sandvik Mining and Rock Solutions division.

Stefan Widing, President and CEO of Sandvik, said: “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.”

DSI Underground is present in 70 countries, with 22 production units situated close to end customers, according to Sandvik. The product offering includes bolting systems, injection chemicals and resin capsules.

Henrik Ager, President of Sandvik Mining and Rock Solutions, added: “With the world’s most extensive choice of ground support products and systems, 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.”

Michael Reich, CEO DSI Underground, said: “With our knowledge of ground support technologies, we can add a valuable and complementary offering to Sandvik Mining and Rock Solutions. On the other hand, we will benefit from the knowledge of the new group and Sandvik’s global customer network.”

DSI Underground has around 2,000 employees, with revenue for 2020 expected to be about €518 million ($631 million, excluding the four joint ventures that are part of the acquisition). The purchase price is approximately €943 million on a cash and debt free basis.

The transaction is expected to close by mid-2021 and is subject to relevant regulatory approvals.

DSI Underground and ABC Canada form underground ventilation JV

Environmental, Mine ventilation, Mining services, , , , , , , ,

DSI Underground has signed a new joint venture agreement with ABC Canada to, the companies say, strengthen the safety level for underground mining and tunnelling.

On September 1, DSI Underground Ventilation Systems was officially launched.

The product portfolio of the new joint venture will include Flexline™ and semi-rigid Hardline™ flexible vents for positive and negative airflow, high-efficiency Toughvent fans, and other ventilation accessories: curtains and coverings, emergency shelters, inflatable airstop and repair kits, the companies said.

In addition, the joint venture will have a team of engineers specialising in the design of ventilation systems, capable of providing advice and the necessary technical support, increasing the level of safety and profitability of the projects by optimising energy. The company is a direct manufacturer of supplies and fabrics, ensuring the products meet the highest technical and quality standards required, they said.

DSI Underground Ventilation Systems will start operations in Santiago, Chile, with a production plant of more than 2,000 sq.m and will be present in the Latin America region, directly through entities in the region and with an exclusive distributor in Colombia.

“We are confident that this new company will allow us to deliver more efficient and comprehensive solutions to our customers and will enable us to continue to reinforce progress in underground mining and tunnelling,” the companies said.