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Global high-tech engineering group Sandvik has agreed to acquire Australian advanced optimisation software and services company Polymathian Industrial Mathematics.
Firm: Norton Rose Fulbright (Sandvik)
“The deal is yet another example of how major resources companies are pursuing digital transformation to modernise their businesses and add further sophistication to the industry,” the firm said in a statement.
Area: Corporate; Merger and acquisition
Value: Undisclosed
Key players: The NRF team was led by partner Marshall Bromwich, who was supported primarily by senior associate Linda Lau and associates Neil Nguyen and Michael Lacey. The team advised on all aspects of the deal, including legal due diligence and negotiating transaction documents.
Deal significance: Speaking about the acquisition, Mr Bromwich said that this important acquisition for Sandvik allows it to continue its digital transformation.
“It builds on Sandvik’s acquisition, earlier this year, of Deswik’s software tools for planning and managing production by combining Polymathian’s automated decision-making and process optimisation capability,” he said.
“We are pleased to be able to continue to advise Sandvik as it furthers its digital strategy for the benefit of its international business.”
Jerome Doraisamy is the managing editor of Lawyers Weekly and HR Leader. He is also the author of The Wellness Doctrines book series, an admitted solicitor in New South Wales, and a board director of the Minds Count Foundation.
You can email Jerome at:
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Jerome Doraisamy
