Sandvik buys DSI Underground Group

Sandvik has agreed to buy DSI Underground Group from Triton Partners for €943 million. DSI is a €500 million revenue business that provides ground support and technology for underground mines and tunnels.

“This acquisition is an important step in our growth ambition”, said Stefan Widing, President and CEO of Sweden-based Sandvik.

Michael Reich, CEO of DSI Underground, said the deal ushered in a new chapter; ”We believe that we have a strong new industrial home in Sandvik, with good growth opportunities and strong product and geographic synergies.”

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