Information on the target
Sandvik, a leading Swedish engineering group specializing in mining and rock technology, has successfully completed the acquisition of 100% of Diemme Filtration, a prominent Italian company based in Lugo (Ravenna) that specializes in solid-liquid separation technologies. The acquisition, finalized on September 1, 2026, was executed following an agreement signed on June 22, 2026, and is valued between €380 million and €540 million. Diemme Filtration will operate as an independent division within Sandvik's Rock Processing business area, enhancing the company's offerings along the mining value chain.
Diemme Filtration designs and manufactures high-performance filter presses and thickeners for clients involved in the extraction of copper, gold, nickel, and battery materials. The company employs approximately 200 people and is projected to generate revenues of around 1.1 billion Swedish Krona in 2026. In its latest financial year, Diemme reported revenues of approximately €91 million, with an EBITDA of around €16 million.
Industry overview in the target’s specific country
The Mining Support Services industry in Italy plays a crucial role in the overall mining sector, providing essential services that enhance operational efficiency and sustainability. This industry encompasses a range of activities, including equipment maintenance, logistics, and specialized technologies such as solid-liquid separation, which are vital for the extraction and processing of minerals. Italy's rich geological resources, including metals like copper and gold, create a significant demand for these support services.
In recent years, the Italian mining sector has experienced a resurgence, driven by increasing global demand for minerals and a growing emphasis on sustainable mining practices. The Mining Support Services industry has adapted to these trends by innovating and implementing advanced technologies that improve water management and waste treatment processes. Companies in this sector are focusing on developing solutions that not only enhance productivity but also minimize environmental impact.
Moreover, the Italian government has been supportive of the mining industry, recognizing its potential to contribute to economic growth and job creation. Regulatory frameworks have been evolving to facilitate investment and development in mining projects, which in turn boosts the demand for mining support services. As the industry continues to grow, there is an increasing need for specialized service providers that can offer tailored solutions to meet the unique challenges faced by mining operations.
Overall, the Mining Support Services industry in Italy is positioned for growth, with opportunities arising from technological advancements and a shift towards more sustainable practices. The…