{"id":405519,"date":"2020-12-24T09:45:06","date_gmt":"2020-12-24T14:45:06","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=405519"},"modified":"2020-12-24T09:45:06","modified_gmt":"2020-12-24T14:45:06","slug":"sandvik-to-acquire-market-leading-underground-safety-solutions-company-dsi-underground","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/sandvik-to-acquire-market-leading-underground-safety-solutions-company-dsi-underground\/","title":{"rendered":"Sandvik to acquire market leading underground safety solutions company DSI Underground"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>SANDVIKEN, <span class=\"xn-location\">Sweden<\/span>, <span class=\"xn-chron\">Dec. 24, 2020<\/span> \/PRNewswire\/ &#8212; Sandvik has signed an agreement to acquire DSI Underground, the global leader in ground support and reinforcement products, systems and solutions for the underground mining and tunneling industries. The company will be reported in Sandvik Mining and Rock Solutions.<\/p>\n<p>&#8220;This acquisition is an important step in our growth ambition. DSI Underground&#8217;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&#8221;, says <span class=\"xn-person\">Stefan Widing<\/span>, President and CEO of Sandvik.<\/p>\n<p>DSI Underground is present in 70 countries, with 22 production units situated close to end customers. The product offering includes bolting systems, injection chemicals and resin capsules. \u00a0<\/p>\n<p>&#8220;With the world&#8217;s most extensive choice of ground support products and systems, the DSI Underground&#8217;s offering is highly complementary and enables us to deliver greater value and safety to our customers. The deal gives DSI Underground access to Sandvik&#8217;s substantial R&amp;D, global service and sales network, complements our growing aftermarket business and strengthens our leadership in underground mining and tunnelling&#8221;, says <span class=\"xn-person\">Henrik Ager<\/span>, President of Sandvik Mining and Rock Solutions. <\/p>\n<p>DSI Underground has approximately 2,000 employees. DSI Underground&#8217;s revenue for 2020 is expected to be about <span class=\"xn-money\">EUR 518 million<\/span> (excluding the four joint ventures that are part of the acquisition) and an EBIT margin that to certain extent will be dilutive to Sandvik Mining and Rock Solutions&#8217; margin. The purchase price is approximately <span class=\"xn-money\">EUR 943 million<\/span> on a cash and debt free basis. Impact on Sandvik&#8217;s earnings per share will be slightly positive. <\/p>\n<p>The transaction is expected to close by mid-2021 and is subject to relevant regulatory approvals. <\/p>\n<p>\n        <b>Conference call<\/b>\n      <\/p>\n<p>There will be a conference call related to the intended acquisition on <span class=\"xn-chron\">28 December 2020<\/span> at 13.30 CET for analysts, investors and financial media. Presentation material will be available on Sandvik&#8217;s website home.sandvik when the conference starts. <\/p>\n<p>Dial-in numbers for the conference call: <\/p>\n<p>\n        <span class=\"xn-location\">Sweden<\/span>: +46 8 505 629 59<\/p>\n<p>UK: +44\u00a0207\u00a0750 99 05<\/p>\n<p>US: +1\u00a0631\u00a0886 53 78<\/p>\n<p>Participant PIN: 764591#<\/p>\n<p>This information is information that Sandvik AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at about 15.30 CET <span class=\"xn-chron\">24 December 2020<\/span>.<\/p>\n<p>\n        <span class=\"xn-location\">Stockholm<\/span>, <span class=\"xn-chron\">24 December 2020<\/span><\/p>\n<p>Sandvik AB<\/p>\n<p>For further information, contact <span class=\"xn-person\">Louise Tjeder<\/span>, Vice President Investor Relations, phone: +46 (0) 70 782 63 74 or Edvard Bergstr\u00f6m, Vice President Communications Relations and Productions, +46 (0) 70 993 83 11.<\/p>\n<p>This information was brought to you by Cision <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3022085-1&amp;h=3204002405&amp;u=http%3A%2F%2Fnews.cision.com%2F&amp;a=http%3A%2F%2Fnews.cision.com\" rel=\"nofollow noopener noreferrer\">http:\/\/news.cision.com<\/a><\/p>\n<p>\n        <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3022085-1&amp;h=179789699&amp;u=https%3A%2F%2Fnews.cision.com%2Fsandvik%2Fr%2Fsandvik-to-acquire-market-leading-underground-safety-solutions-company-dsi-underground%2Cc3261581&amp;a=https%3A%2F%2Fnews.cision.com%2Fsandvik%2Fr%2Fsandvik-to-acquire-market-leading-underground-safety-solutions-company-dsi-underground%2Cc3261581\" rel=\"nofollow noopener noreferrer\">https:\/\/news.cision.com\/sandvik\/r\/sandvik-to-acquire-market-leading-underground-safety-solutions-company-dsi-underground,c3261581<\/a>\n      <\/p>\n<p>The following files are available for download:<\/p>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prnsbt1 prnsbr1 prnsbb1 prnsbl1\">\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3022085-1&amp;h=2877124654&amp;u=https%3A%2F%2Fmb.cision.com%2FMain%2F208%2F3261581%2F1353987.pdf&amp;a=https%3A%2F%2Fmb.cision.com%2FMain%2F208%2F3261581%2F1353987.pdf\" class=\"prnews_a\" rel=\"nofollow noopener noreferrer\">https:\/\/mb.cision.com\/Main\/208\/3261581\/1353987.pdf<\/a><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Sandvik to acquire market leading underground safety solutions company DSI Underground<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=IO33307&amp;sd=2020-12-24\" \/> View original content:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/sandvik-to-acquire-market-leading-underground-safety-solutions-company-dsi-underground-301198413.html\">http:\/\/www.prnewswire.com\/news-releases\/sandvik-to-acquire-market-leading-underground-safety-solutions-company-dsi-underground-301198413.html<\/a><\/p>\n<p>SOURCE  Sandvik<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=IO33307&amp;Transmission_Id=202012240941PR_NEWS_USPR_____IO33307&amp;DateId=20201224\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire SANDVIKEN, Sweden, Dec. 24, 2020 \/PRNewswire\/ &#8212; Sandvik has signed an agreement to acquire DSI Underground, the global leader in ground support and reinforcement products, systems and solutions for the underground mining and tunneling industries. The company will be reported in Sandvik Mining and Rock Solutions. &#8220;This acquisition is an important step in our growth ambition. DSI Underground&#8217;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&#8221;, says Stefan Widing, President and CEO of Sandvik. DSI Underground is present in 70 countries, with 22 production units situated close to end customers. The product offering includes bolting systems, injection chemicals and resin &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/sandvik-to-acquire-market-leading-underground-safety-solutions-company-dsi-underground\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Sandvik to acquire market leading underground safety solutions company DSI Underground&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-405519","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Sandvik to acquire market leading underground safety solutions company DSI Underground - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/sandvik-to-acquire-market-leading-underground-safety-solutions-company-dsi-underground\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sandvik to acquire market leading underground safety solutions company DSI Underground - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire SANDVIKEN, Sweden, Dec. 24, 2020 \/PRNewswire\/ &#8212; Sandvik has signed an agreement to acquire DSI Underground, the global leader in ground support and reinforcement products, systems and solutions for the underground mining and tunneling industries. The company will be reported in Sandvik Mining and Rock Solutions. &#8220;This acquisition is an important step in our growth ambition. DSI Underground&#8217;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&#8221;, says Stefan Widing, President and CEO of Sandvik. DSI Underground is present in 70 countries, with 22 production units situated close to end customers. 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The company will be reported in Sandvik Mining and Rock Solutions. &#8220;This acquisition is an important step in our growth ambition. DSI Underground&#8217;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&#8221;, says Stefan Widing, President and CEO of Sandvik. DSI Underground is present in 70 countries, with 22 production units situated close to end customers. 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