Sandvik has signed an agreement to acquire ThoroughTec Simulation (ThoroughTec), a leading South Africa–based provider of equipment simulators and simulator-based training for the global mining industry. The company will report ThoroughTec in Parts and Services, a division within the Mining business area. ThoroughTec has its headquarters in Durban, South Africa.
ThoroughTec develops OEM-agnostic training simulators and offers a training management system. These solutions enable mining customers to strengthen productivity and operator safety, and reduce equipment maintenance costs. The combination of ThoroughTec's training simulators and Sandvik's digital solutions will enable data-driven, customized operator training programs based on real machine performance insights.
"ThoroughTec is a great addition to Sandvik. Their solutions will strengthen our aftermarket offering and help customers enhance both productivity and safety in their operations through advanced training technologies," Stefan Widing, president and CEO of Sandvik, said.
The company generated revenues of around SEK 170 million in 2025, with a strong EBITA margin. The acquisition will have an accretive impact on Sandvik's EBITA margin. Both parties have agreed not to disclose the purchase price. They expect the transaction to close during the second quarter of 2026, subject to customary regulatory approvals.
More information is available at www.home.sandvik/en and www.Thoroughtec.com/wx-training-management-system-tms
March 11, 2026
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