The solutions from Polymathian for automated decision-making and process optimisation complements the offering of Deswik, a global mine planning software company which Sandvik previously acquired in April, 2022.
Polymathian was founded in 2013, has 50 employees and is headquartered in Brisbane, Australia.
Polymathian provides product offerings that include mining operations optimisation and simulation software for areas such as extraction process, material flow, energy & fuel consumption and maintenance efficiency, and counts several of the world’s largest mining companies as customers.
Speaking on the acquisition and how the company plans to incorporate Polymathian into the offerings from Sandvik, president and chief executive officer of Sandvik, Stefan Widing, said that Polymathian has the potential to work well with the existing Deswik software to become a unique offering in the market.
“With the acquisition of Polymathian we continue to broaden our offering to enhance productivity in our mining customers’ value chain,” Widing said.
“Polymathian’s automated decision-making and process optimisation, together with Deswik’s software tools for planning and managing production, represent a unique combination in the market.”
According to the company, Polymathian will become a part of the business unit for Deswik and remain OEM agnostic.
The acquisition will enable Sandvik to further accelerate the development of its end-to-end optimisation, battery electric vehicle (BEV) and AutoMine offerings, by leveraging Polymathian’s unique skillset and platform, as president of Sandvik Mining and Rock Solutions, Mats Eriksson said.
“Polymathian is a great addition to Sandvik Mining and Rock Solutions, and enables SMR to now have a unique digital portfolio that will help our customers to optimise their data driven operations across the value chain,” Eriksson said.
“We can help ensure that our customers mine design is fully compatible with technologies like AutoMine and BEVs. I am very pleased to welcome Polymathian to the Group.”