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Sandvik acquires digital mining technology company Newtrax · Endata

◂ Announcements

Mining Equipmentworld trade 2024+3.1% 5Y CAGR

Automation and Roboticsworld trade 2024+4.2% 5Y CAGR

Apr 1, 2019ACQUISITIONMontréal, Canada

Sandvik acquires digital mining technology company Newtrax

Sandvik acquired privately-owned Newtrax, a supplier of wireless IoT connectivity for underground mining operations. The transaction is expected to close in Q2 2019.

Status

Announced

Productswireless IoT connectivity for underground miningdigital mining technology

CompaniesSandvik acquirer Newtrax target

Sectors#Mining Equipment #Automation and Robotics

“By including Newtrax into the Sandvik family we further strengthen our leading position in areas related to automation and digitalization.”home.sandvik

2 sources
home.sandvikSandvik acquires digital mining technology company NewtraxApr 1, 2019
news.cision.comSandvik acquires digital mining technology company Newtrax - SandvikApr 17, 2019

Summarized from public sources; check the original articles before acting on it.

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Sandvik and Redpath sign 5-year framework agreement for underground mining equipment
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