Sandvik acquires DSI Underground Joint Ventures, Rocbolt Technologies
Sandvik has acquired DSI Underground as of July 7, 2021. The acquisition included DSI's ownership stake in four joint ventures based in China, South Africa, Mongolia and Australia.
On August 3, 2021, Sandvik signed and completed three agreements to acquire Jennmar's share of the Rocbolt Technologies JVs in China, South Africa and Mongolia. Jennmar will continue to be a JV partner in Australia.
Rocbolt Technologies will be reported in the Ground Support Division of business area Sandvik Mining and Rock Solutions.
In 2020, DSI Underground had revenues of about EUR 516 million (excluding the four joint ventures). The three JVs that will now be fully consolidated had revenues of around EUR 80 million in 2020.
As one of the latest models in the R2-Series excavator lineup, the Bobcat® E88 delivers durability, performance and quality for more productivity. Technically speaking, it's a compact machine, but it brings big performance with its redesigned engine and optimized lift performance, plus undercarriage and counterweight improvements. All these enhancements make this excavator one of the highest-performing models in its size class. With impressive over-the-side lift capacity, you can dig with greater confidence over the side of the machine. Put it to the test against similar models from other manufacturers. You'll see that the E88 can outwork the competition.