# Sandvik acquires DSI Underground Holdings and Jennmar JV

Sandvik acquired DSI Underground Holdings and its South African joint venture with Frank Calandra Inc (Jennmar JV), subject to employment conditions. The merger was approved by the Competition Tribunal of South Africa on June 17, 2021.

- Type: Acquisition
- Announced: 2021-06-17
- Where: South Africa
- Status: announced
- Products: mining and tunnelling products
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Sandvik](https://endata.com/companies/6190.md) (acquirer)
- [DSI Underground](https://endata.com/companies/31645.md) (target)
- [Frank Calandra Inc](https://endata.com/companies/55896.md) (partner)
- [Tricon Drilling Solutions Pty. Ltd](https://endata.com/companies/55988.md) (target)

## Sources

- [comptrib.co.za](https://comptrib.co.za/af/inligtingsbiblioteek/pers-kamer/tribunal-approves-merger-whereby-global-engineering-group-acquires-mining-and-tunnelling-products-provider-subject-to-employment-conditions), 2021-06-17: "The Tribunal has approved, with employment conditions, the large merger whereby Sandvik Aktiebolag plc will acquire DSI Underground Holdings S.à.r.l."
- [comptrib.co.za](https://comptrib.co.za/zu/ilabhulali-yolwazi/cindezela-igumbi/tribunal-approves-merger-whereby-global-engineering-group-acquires-mining-and-tunnelling-products-provider-subject-to-employment-conditions), 2021-06-17: "The Tribunal has approved, with employment conditions, the large merger whereby Sandvik Aktiebolag plc will acquire DSI Underground Holdings S.à.r.l."
- [home.sandvik](https://www.home.sandvik/en/news-and-media/news/2021/06/sandvik-to-acquire-australian-rock-tools-supplier-tricon/), 2021-06-23: "I am pleased that we continue to deliver on our active acquisition agenda, and I look forward to welcoming Tricon to Sandvik."

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