What Sandvik does

Sandvik AB is a Swedish engineering group founded in 1862 and listed on Nasdaq Stockholm under the ticker SAND. Headquartered in Stockholm with roughly 42,000 employees and operations in 150+ countries, the company supplies equipment, tools, software, and services across three business areas: Mining (underground loaders, trucks, drill rigs, rock tools, and the AutoMine automation platform including AutoMine Aura and AutoMine Surface Drilling, plus OptiMine analytics); Rock Processing (crushing, screening, and the newly added Diemme Filtration division); and Machining Solutions (cutting tools under the Sandvik Coromant, Seco, Walter, and Dormer Pramet brands, CAD/CAM software via Mastercam, and 3D metrology through Verisurf). It serves primarily the mining vertical, with secondary exposure to manufacturing and construction, addressing customer pain points around productivity, safety, automation, skilled-labour shortages, and sustainability.

The company's technology stack combines proprietary hardware (e.g., DD423i drill rig, DR410i rotary drill rig, electric and battery-electric mining equipment) with a four-layer digital mining ecosystem: Deswik for mine planning and scheduling, task execution, Universal Field Robots autonomous traffic management, and OptiMine/Newtrax real-time feedback and predictive maintenance. AI capabilities are embedded across AutoMine Aura (3D perception navigation), collision avoidance systems, Polymathian optimisation, and a generative-AI CAD/CAM integration with Limitless Labs that operates inside Mastercam. Sandvik reports an active patent portfolio of roughly 7,500 active patents and annual R&D spend of approximately 4.5 billion SEK.

Revenue is generated through four streams: equipment sales, aftermarket parts and services, software subscriptions, and professional services. Distribution combines direct enterprise sales for large mining, manufacturing, and construction customers with authorised channel partners and distributors for regional coverage and aftermarket support. Pricing is quote-based and not publicly disclosed. The company is concurrently executing a SEK 3 billion 2025–2030 restructuring program (with phase 2 of Machining announced March 2026), divesting non-core assets such as the Additive Manufacturing business (sold to Mimir), and acquiring targets such as Deswik, Polymathian, Universal Field Robots, Verisurf, ThoroughTec Simulation, and Diemme Filtration to reinforce the digital mining, automation, and processing portfolios.

Name

Sandvik

Legal name

Sandvik AB

Website

https://home.sandvik

Company type

Public

Founded year

1862

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Sandvik is a Sweden-based global engineering group serving mining, rock processing, and manufacturing customers with equipment, cutting tools, automation software (AutoMine, OptiMine, Deswik), and aftermarket services across 150+ countries.

Ownership category

akta.pro rank

Product category

Mining and Industrial Equipment

NAICS

Mining Machinery and Equipment Manufacturing (333131), Agriculture, Construction, and Mining Machinery Manufacturing (3331)

SIC

Mining Machinery & Equip (No Oil & Gas Field Mach & Equip) (3532), Construction, Mining & Materials Handling Machinery & Equip (3530)

akta.pro primary industry

Underground Mining Equipment (Loaders/LHDs, Continuous Miners, Longwall Systems) (IMAKANAB)

akta.pro secondary industries

Surface Mining Equipment (Excavators, Shovels, Draglines, Dozers) (IMAKANAA), Wear Parts & Consumables (GET, Liners, Drill Bits, Grinding Media) (IMAKANAH), Grinding & Milling Equipment (IMAHAMAF), Feeding & Conveying Equipment (Aprons, Belts, Stackers) (IMAHAMAH)

Keywords

• Mining equipment
• Rock processing solutions
• Metal cutting tools
• Mining automation software
• CAD/CAM software

Headquarters

HQ city

Stockholm

HQ country

Sweden

HQ region

Europe

Offices6 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Equipment Sales: Sale of mining equipment, tools, and manufacturing machinery including drills, loaders, and material handling systems
2. Aftermarket Parts and Services: Spare parts, maintenance, and support services for installed equipment base
3. Software Subscriptions: Subscription-based access to automation, planning, and optimization software platforms
4. Professional Services: Implementation, training, and consulting services for technology deployments

Go-to-market motion2 records

Distribution channels2 records

Marketing channels3 records

Core offering

Sandvik designs, manufactures, and sells mining equipment (underground loaders, trucks, drill rigs, rotary drills), rock processing machinery (crushers, screens, filtration/dewatering systems), metal cutting tools and tooling systems, and digital/automation software platforms (AutoMine, OptiMine, Deswik, Mastercam, Verisurf) for the global mining, manufacturing, and infrastructure industries. It also provides aftermarket parts, maintenance, and professional services tied to its installed equipment base.

Product overview

Sandvik is a global, high-tech engineering group providing solutions that enhance productivity, profitability and sustainability for the manufacturing, mining and infrastructure industries. The company operates three core business areas: Mining (underground loaders, trucks, drill rigs, rock tools, and automation through AutoMine including AutoMine Aura, AutoMine Surface Drilling, and OptiMine); Rock Processing (crushing, screening, and filtration equipment including the new Diemme Filtration division); and Machining & Manufacturing (cutting tools through Sandvik Coromant, Seco, Walter, Dormer Pramet brands, and CAD/CAM software including Mastercam and Verisurf metrology solutions). The product portfolio also includes digital mining solutions through Deswik, Polymathian, Newtrax, and Universal Field Robots (UFR), sensorised tools through Pro-Micron, and the Osprey metal powder business for additive manufacturing. Sandvik's digital ecosystem integrates mine planning (Deswik), task execution, autonomous traffic management (UFR), and real-time feedback (OptiMine, Newtrax) into a closed-loop system for underground mining operations.

Differentiator

Problem solved

Functional benefit

Brands

• Sandvik Coromant: Metal cutting and digital manufacturing solutions
• Seco
• Walter
• Dormer Pramet
• Mastercam
• AutoMine
• Deswik
• Verisurf

Products and services

• AutoMine Comprehensive underground mining automation platform enabling remote supervision, multi-machine coordination, and autonomous equipment operation by converging AI, wireless communications, and precision navigation; sold to large mining operators seeking safer, more productive underground operations.
• AutoMine Surface Drilling Autonomous surface drilling platform integrating with third-party mine planning software to enable fully autonomous drilling; connects drilling activities, machine telemetry, and geological data for improved decision-making in open-pit mining operations.
• DR410i Rotary Drill Rig Surface rotary drilling rig equipped with autonomous capabilities for automated drilling in surface mining applications, integrating with AutoMine Surface Drilling and Deswik mine planning software.
• OptiMine Underground mining analytics platform providing data-driven insights for predictive maintenance and operational optimization, enabling mines to shift from reactive run-to-fail models to proactive asset management.
• Deswik Mine planning and scheduling software acquired in 2022 for approximately $646 million; integrates with Sandvik's automation ecosystem as part of the four-layer digital ecosystem covering planning, task execution, autonomous traffic management, and real-time feedback.
• Polymathian Australian mine optimization software acquired in 2023 for approximately $113 million; provides advanced capabilities for automated decision-making and process optimization in mining operations.
• Newtrax Underground mining monitoring and tracking technology providing real-time visibility into equipment and personnel in underground mining environments.
• Universal Field Robots (UFR) Australian autonomous robotics company acquired in 2024; provides autonomous solutions for underground mining, including autonomous traffic management as part of Sandvik's digital ecosystem.
• Sandvik Mining and Rock Construction Equipment Underground loaders, trucks, and drill rigs for mining operations, including electric and battery-electric equipment options with AutoMine automation integration.
• Sandvik Rock Tools Comprehensive range of rock drilling tools, rock drills, and rock tool systems for mining and construction applications including drilling, cutting, and rock reinforcement.
• Sandvik Rock Processing Crushing and screening equipment including crushers, screens, and related solutions for mineral processing in mining and construction operations.
• Diemme Filtration Italy-based filtration and dewatering solutions for the global mining industry, providing solid-liquid separation technologies to form a new Filtration division within Sandvik's Rock Processing business area.
• Sandvik Coromant Leading brand for metal cutting tools and tooling systems offering comprehensive machining solutions including cutting tools, inserts, and tooling systems for turning, milling, drilling, and threading operations.
• Seco Brand offering cutting tools and tooling systems for metal machining applications across Sandvik's tooling portfolio.
• Walter Brand providing precision cutting tools for machining applications, integrated into Sandvik's manufacturing and machining solutions portfolio.
• Dormer Pramet Brand offering cutting tools and tooling solutions for general engineering and manufacturing applications.
• Mastercam CAD/CAM software solution for computer-aided manufacturing, providing tools for CNC programming and machining process automation across Sandvik's digital manufacturing solutions.
• Verisurf US-based 3D metrology software solutions provider operating within Sandvik's Machining and Intelligent Manufacturing division for measurement and inspection workflows.
• Pro-Micron German supplier of sensorised tools and automation software providing diagnostics and process monitoring capabilities for the high-growth sensorised tools market.
• Osprey Metal Powders Gas-atomised metal powder business for additive manufacturing, metal injection molding, and related technologies, offering over 2,000 alloy variations and 400 different metal powders serving defense, space, medical technology, and energy markets.
• CYBERMINE Simulators Mining equipment simulators and training solutions including the WX Training Management System and CYBERMINE simulators, acquired via ThoroughTec Simulation.
• EverPath Toolpath Platform Next-generation toolpath platform for automated CNC programming and machining process automation across Sandvik's machining solutions.

Quantifiable outcome

• 15% improvement in material handling productivity
• +2 more outcomes

Named customers6 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability12 records

Feature6 records

Partnerships

Three partnerships are on record, tiered core and supporting.

• Mariana MineralscoreTechnology or Integration · 1 January 2024Strategic partnership to deploy autonomous drilling technology at Mariana's Copper One mine. Sandvik's AutoMine Surface Drilling platform is being integrated with MarianaOS to enable intelligent, autonomous drilling operations in underground mining.
• Hindustan ZinccoreStrategic or Co-development Partner · 1 January 2024Memorandum of Understanding signed for AI-led industrial transformation across Hindustan Zinc's mining and processing operations. The partnership focuses on deploying advanced digital technologies to improve operational efficiency, safety, and sustainability outcomes.
• Limitless LabssupportingTechnology or Integration · 1 January 2024Limitless Labs utilizes Sandvik's platform technology in their production deployments, demonstrating the integration capabilities of Sandvik's automation and digital solutions in real-world mining environments.

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Epiroc: Epiroc is Sandvik's closest direct competitor, also Sweden-based and spun off from Atlas Copco. Epiroc offers underground and surface mining equipment, rock drills, and a competing automation platform (6th Sense), directly challenging AutoMine across the same global mining customer base.
• Metso: Metso is a Finnish peer specializing in rock processing, crushers, screens, and mineral processing equipment — directly comparable to Sandvik's Rock Processing business area and the newly acquired Diemme Filtration division. Both serve mining operators globally with comminution and separation solutions.
• FLSmidth: FLSmidth is a Danish peer in mining and mineral processing equipment, competing directly with Sandvik Rock Processing in crushing, screening, and material handling for cement, copper, and iron ore customers globally.
• Kennametal: Kennametal is a US peer in metal cutting tools and tooling solutions, directly comparable to Sandvik Coromant, Seco, Walter, and Dormer Pramet in serving aerospace, automotive, and general engineering manufacturers with inserts, milling, and turning tools.
• Boart Longyear: Boart Longyear is a direct peer in drilling services and exploration equipment for the mining industry, competing with Sandvik's underground and surface drilling rigs (DD423i, DR410i) and rock tools in mineral exploration contracts.

Broad incumbents

• Caterpillar: Caterpillar is the dominant broad incumbent in mining and construction equipment, with a large installed fleet, autonomous mining program via Cat MineStar, and the broadest global dealer network. Overlaps with Sandvik in surface mining equipment, drill rigs, and mining automation but operates across a much wider portfolio.
• Komatsu: Komatsu is a major Japanese broad incumbent in mining and construction equipment with its own Smart Construction/Mining autonomy initiative and large hydraulic excavator and truck share. Directly competes with Sandvik in surface mining equipment and increasingly in autonomous drilling solutions.

Emerging players

• Hexagon AB: Hexagon is a Sweden-based technology peer that competes with Sandvik's digital mining stack (Deswik, OptiMine, Newtrax) through its Geosystems division offering surveying, mine planning, and autonomous fleet management solutions to the same mining customer base.
• Trimble Inc. Trimble is a US technology peer providing positioning, autonomy, and asset management software — including mining solutions through Trimble Mining — that intersects with Sandvik's OptiMine, Newtrax, and Universal Field Robots digital ecosystem for underground and surface operations.
• Autodesk: Autodesk is a CAD/CAM and digital manufacturing software peer whose Fusion 360 and PowerMill products compete with Sandvik's Mastercam CAD/CAM platform acquired from CNC Software, targeting the same aerospace, automotive, and job shop manufacturing customers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@SandvikGroup
• Facebookfacebook.com/sandvik
• LinkedInlinkedin.com/company/sandvik
• Instagraminstagram.com/sandvikgroup
• Xx.com/sandvikgroup

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries12 records

Funding overview

Funding rounds5 records

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A69 records

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Sandvik