# Sandvik completes acquisition of Newtrax

Sandvik completed the acquisition of Newtrax, a supplier of wireless connectivity technology for underground mining operations. Newtrax is headquartered in Montréal, Canada, and had revenues of about 26 million CAD in 2018.

- Type: Acquisition
- Announced: 2019-06-01
- Where: Montréal, Canada, Canada
- Status: completed
- Products: wireless connectivity technology for underground mining
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Sandvik](https://endata.com/companies/6190.md) (acquirer)
- [Newtrax](https://endata.com/companies/38368.md) (target)
- [Newtrax Technologies Inc.](https://endata.com/companies/40069.md) (target)

## Sources

- [home.sandvik](https://www.home.sandvik/en/news-and-media/news/2019/06/sandvik-completes-the-acquisition-of-newtrax/), 2019-06-01: "Sandvik has completed the previously announced acquisition of Newtrax, a supplier of technology in wireless connectivity to monitor and provide insights on underground mining operations."
- [newswire.ca](https://www.newswire.ca/news-releases/newtrax-joins-sandvik-group-in-strategic-acquisition-857252140.html), 2019-06-18: "By including Newtrax into the Sandvik family, we further strengthen our leading position in areas related to automation and digitalization."

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