"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.
"We would like to thank Triton for all their efforts and support. They have invested and supported us in developing significant value-added measures, for example by streamlining our processes, by taking measures to increase sales, by successfully realigning our product development and by accelerating digitization and supporting our ESG initiatives," said Michael Reich, CEO DSI Underground.
"Now, we are opening a new chapter. We believe that we have a strong new industrial home in Sandvik, with good growth opportunities and strong product and geographic synergies. Our customers will continue to receive the products and services at the same high quality with the associated service. At the same time, we will be able to expand our global reach and combine our offering with Sandvik products and services - for the benefit of our customers. My colleagues at DSI Underground are looking very much forward to becoming part of Sandvik."