What's Happening?
Sandvik has announced its agreement to acquire ThoroughTec Simulation, a South African company specializing in equipment simulators and simulator-based training for the mining industry. This acquisition aims to enhance Sandvik's aftermarket offerings by integrating ThoroughTec's training simulators with Sandvik's digital solutions, providing data-driven, customized training programs. The acquisition is expected to close in the second quarter of 2026, subject to regulatory approvals. ThoroughTec's Workforce Excellence ecosystem and CYBERMINE simulators are key components of this strategic move, aimed at improving productivity and safety in mining operations.
Why It's Important?
The acquisition of ThoroughTec Simulation by Sandvik is a strategic move to strengthen
its position in the mining industry by offering advanced training solutions. As the mining sector increasingly relies on technology to improve safety and efficiency, the integration of ThoroughTec's simulators with Sandvik's digital tools will provide mining companies with enhanced training capabilities. This acquisition reflects the growing importance of simulation technology in industrial training, offering potential cost savings and improved operational outcomes. It also highlights Sandvik's commitment to innovation and its focus on expanding its service offerings in the mining sector.
