DSI Underground is present in 70 countries, with 22 production units. The product offering includes bolting systems, injection chemicals and resin capsules.
“The deal gives DSI Underground access to Sandvik’s substantial R&D, global service and sales network, complements our growing aftermarket business and strengthens our leadership in underground mining and tunnelling”, says Henrik Ager, President of Sandvik Mining and Rock Solutions.
DSI Underground has approximately 2000 employees. DSI Underground’s revenue for 2020 is expected to be about 518 million euros, excluding four joint ventures, which are part of the acquisition. The purchase price is approximately 943 million euros. The transaction is expected to close by mid-2021 and is subject to relevant regulatory approvals.