Newtrax Joins Sandvik in Strategic Acquisition to Offer Most Comprehensive Digital Solutions for Underground Mining
We are very excited to announce that Sandvik intends to acquire Newtrax , the global leading supplier of equipment and tools for the mining industry.
The combined expertise of Sandvik and Newtrax will create the most powerful, streamlined digital solution to improve safety and efficiency for underground hard rock mines with:
- Newtrax’s leading technology in wireless IoT connectivity
- Sandvik’s leading suite of digital tools for analyzing and optimizing mining production and processes including OptiMine® and My Sandvik.
“Together, Newtrax and Sandvik provide a seamless offering that is OEM and network independent,” said Alexandre Cervinka, President of Newtrax. “With Newtrax as the “nervous system” and Sandvik OptiMine® as the “brain” of the mine,” this is the most comprehensive digital offering for underground mining.
“With Newtrax joining us, we have a world-leading solution for our underground mining customers,” said Patrick Murphy, President of Sandvik Rock Drills & Technologies Division.
The combined offering of Newtrax and Sandvik OptiMine® will include:
- Telemetry for all equipment brands
- Personnel tracking and safety
- Environmental monitoring and control
Newtrax will be joining Sandvik as a Standalone Business Unit (BU) within Sandvik Mining and Rock Technology’s Rock Drills & Technologies division and will continue to operate as it does today.
Newtrax will operate as an independent business unit that is committed to having an open architecture and will continue to interface with other vendors in the mining digital ecosystem.
The transaction is expected to close Q2 2019.