Sandvik AB has signed an agreement to acquire ThoroughTec Simulation, a leading provider of equipment simulators and training solutions for the mining industry, to enhance its aftermarket offerings and operational capabilities within its Mining business area.

Information on the target

Sandvik has signed an agreement to acquire ThoroughTec Simulation, a prominent provider of equipment simulators and simulator-based training specifically tailored for the global mining industry. Based in Durban, South Africa, ThoroughTec will be integrated into Sandvik's Parts and Services division within its Mining business area. The company boasts a workforce of over 200 employees and a comprehensive sales and support network, positioning it as a leader in its field.

ThoroughTec specializes in developing OEM-agnostic training simulators and offers a sophisticated training management system. This enables mining clients to enhance productivity, improve operator safety, and reduce equipment maintenance costs. The synergy between ThoroughTec’s advanced training simulators and Sandvik’s digital solutions is expected to facilitate data-driven, customized operator training programs that leverage real machine performance insights.

Industry overview in the target’s specific country

The mining industry in South Africa is a critical sector, contributing significantly to the country's economy. With a rich history of mining operations, South Africa is home to a diverse range of minerals, including gold, platinum, and diamonds. The i