Sandvik to Acquire South African Mining Simulator Firm ThoroughTec

Sandvik AB ( (SE:SAND) ) has shared an announcement.

Sandvik has agreed to acquire ThoroughTec Simulation, a South Africa-based provider of OEM-agnostic mining equipment simulators and simulator-based training, which will be integrated into the Parts and Services division of its Mining business. The deal, expected to close in the second quarter of 2026 pending regulatory approvals, is set to enhance Sandvik’s aftermarket and digital training offering, improve customers’ productivity and safety, and have a positive impact on the group’s EBITA margin, although the purchase price remains undisclosed.

The most recent analyst rating on (SE:SAND) stock is a Buy with a SEK400.00 price target. To see the full list of analyst forecasts on Sandvik AB stock, see the SE:SAND Stock Forecast page.

More about Sandvik AB

Sandvik AB is a global high-tech engineering group serving the manufacturing, mining and infrastructure industries with equipment, tools, services and digital solutions. The company focuses on digitalization and process optimization, offering technologies for machining, mining, rock excavation and rock processing, and generated about SEK 121 billion in revenue in 2025 with around 42,000 employees in more than 150 countries.

Average Trading Volume: 2,375,565

Technical Sentiment Signal: Buy

Current Market Cap: SEK478.4B

For a thorough assessment of SAND stock, go to TipRanks’ Stock Analysis page.