Sandvik completes Newtrax acquisition

Published by Stephanie Roker, Editor
Global Mining Review, Tuesday, 18 June 2019 08:30

Sandvik has completed the previously announced acquisition of Newtrax, a supplier of technology in wireless connectivity to monitor and provide insights on underground mining operations, including people, machines and the environment.

Newtrax is headquartered in Montréal (Canada), and in 2018, Newtrax generated revenues of about CAN$26 million with 120 employees.

The deal is initially slightly accretive to earnings per share.

Read the article online at: https://www.globalminingreview.com/finance-business/18062019/sandvik-completes-newtrax-acquisition/

Electrifying mining operations

Saturday 01 October 2022 00:00

Electrifying a mine, like mining itself, is a process. Mining operators should seriously consider partnering with OEMs and system integrators to accelerate this process. Such a partnership applies to new vehicles and retrofit projects, like replacing a diesel engine with an electric powertrain.

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