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Sandvik completes acquisition of ThoroughTec Simulation

By Public Technologies
  • Sandvik completed its previously announced acquisition of ThoroughTec Simulation on November 3, 2026.
  • Durban, South Africa-based ThoroughTec provides equipment simulators and simulator-based training for the global mining industry. It has more than 200 employees.
  • ThoroughTec generated revenue of around SEK 170 million in 2025, with a strong EBITA margin.
  • The acquisition will increase the buyer's EBITA margin.
  • ThoroughTec will be reported within Parts and Services, a division of the Mining business area.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Sandvik AB published the original content used to generate this news brief via Cision (Ref. ID: 202611030500BITN____UKPR__EN_20261103-BIT-3740-0) on November 03, 2026, and is solely responsible for the information contained therein.

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