Sandvik acquires DSI Underground

Sandvik signed an agreement to acquire DSI Underground, a supplier of ground support and reinforcement products.

According to Sandvik, DSI Underground will be part of Sandvik Mining & Rock Solutions. Sandvik expects the transaction to close by mid-2021.

“This acquisition is an important step in our growth ambition,” says Stefan Widing, president and CEO of Sandvik. “DSI Underground’s track record of driving progress and safety in underground operations and its global reach will further strengthen our world-leading market position within mining and rock solutions.”

According to Sandvik, DSI Underground has a presence in 70 countries, with its product offering including bolting systems, injection chemicals and resin capsules. DSI Underground has about 2,000 employees.

“With the world’s most extensive choice of ground support products and systems, DSI Underground’s offering is highly complementary and enables us to deliver greater value and safety to our customers,” says Henrik Ager, president of Sandvik Mining & Rock Solutions. “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 tunneling.”