Sweden. Sandvik Treasury AB

Date of agreement:25 Jul 2022
Customer:Sandvik Treasury AB
Amount in EUR:EUR 150 million
Maturity:8 years
NACE sector / loan type:Mining and quarrying


The loan has been granted to Sandvik Treasury AB, part of Sandvik Group (Sandvik). The NIB loan will finance part of the acquisition of Australian-based Deswik. Deswik provides mine planning software globally and offers integrated software platforms that support digitalisation throughout mine planning stages. With Deswik, Sandvik will be able to offer a complete mining platform to its clients.

The acquisition was part of Sandvik’s strategy to move upstream in the mining value chain increase its digital product offering. Deswik offers integrated software platforms that includes computer aided 3D mine design, scheduling, operations planning, mining data management, and geological mapping. Deswik was established in 2008 and is headquartered in Brisbane, Australia. It has approximately 300 employees and operates 14 offices in 10 countries.

Sandvik is a global high-tech engineering group with some 44 000 employees, sales in 150 countries and headquarters in Stockholm, Sweden. Sandvik serves clients in the mining, infrastructure and manufacturing industries with a world-leading offering that includes equipment, tools, services and digital solutions for machining, mining, rock excavation, rock processing, as well as advanced materials.

Fulfilment of NIB's mandate

The acquisition contributes to Sandvik’s strategy for growth through an increased degree of digitalisation, automation, and electrification, as well as through acquisitions with the aim of increasing its digital solutions offering. With Deswik, Sandvik becomes globally the only company that can offer equipment as well as mine planning and operations management services. The acquisition may open new opportunities in the R&D of equipment electrification and automation.

No significant environmental benefits are expected.

Impact indicators in relation to the investment:

  • Deswik revenue SEK million
  • Deswik EBITDA margin %
  • Sandvik Mining and Rock Technology revenue SEK million
  • Sandvik Mining and Rock Technology EBITDA margin %


Sustainability summary

NIB has not identified any significant environmental concerns in connection with the Deswik acquisition.

Press release

NIB co-finances Sandvik’s acquisition of mine planning software provider Deswik

Press release

NIB finansierar Sandviks förvärv av Deswik, ett företag inom mjukvara för gruvplanering