# 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.

- Type: Acquisition
- Announced: 2019-04-01
- Where: Montréal, Canada
- Status: announced
- Products: wireless IoT connectivity for underground mining, digital mining technology
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md), [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [Sandvik](https://endata.com/companies/6190.md) (acquirer)
- [Newtrax](https://endata.com/companies/38368.md) (target)

## Sources

- [home.sandvik](https://www.home.sandvik/en/news-and-media/news/2019/04/sandvik-acquires-digital-mining-technology-company-newtrax/), 2019-04-01: "By including Newtrax into the Sandvik family we further strengthen our leading position in areas related to automation and digitalization."
- [news.cision.com](https://news.cision.com/sandvik/r/sandvik-acquires-digital-mining-technology-company-newtrax,c2791305), 2019-04-17: "By including Newtrax into the Sandvik family we further strengthen our leading position in areas related to automation and digitalization."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.