Sandvik has completed the previously announced acquisition of Polymathian Industrial Mathematics, in the process becoming a part of its Sandvik Mining and Rock Solutions’ Business Unit Deswik.
Polymathian’s solutions for automated decision making and optimisation complements Deswik’s suite of mine planning software and consulting services while remaining OEM agnostic, the OEM said. Deswik, a leading mine planning software company, was previously acquired by Sandvik in April 2022.
Matt Chilcott, CEO of Deswik, said: “We are very excited to welcome Polymathian to the Deswik family. 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, it said. Combined with Deswik’s software solutions, the acquisition creates a “unique digital portfolio” that will help customers optimise 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.
Hollis said: “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. We look forward to leveraging Sandvik’s global reach and resources to bring our software solutions to even more customers around the world.”