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Sandvik agrees to acquire Polymathian Industrial Mathematics
Global high-tech engineering group Sandvik has agreed to acquire Australian advanced optimisation software and services company Polymathian Industrial Mathematics.
Jerome Doraisamy
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
Jerome Doraisamy is the editor of Lawyers Weekly. A former lawyer, he has worked at Momentum Media as a journalist on Lawyers Weekly since February 2018, and has served as editor since March 2022. He is also the host of all five shows under The Lawyers Weekly Podcast Network, and has overseen the brand's audio medium growth from 4,000 downloads per month to over 60,000 downloads per month, making The Lawyers Weekly Show the most popular industry-specific podcast in Australia. Jerome is also the author of The Wellness Doctrines book series, an admitted solicitor in NSW, and a board director of Minds Count.
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