Acquiring Company
Sandvik Manufacturing Solutions
Acquired Company
ThoroughTec Simulation
DurbanManufacturingMiningEducationDescription
Sandvik has completed the acquisition of ThoroughTec Simulation, a South African provider of equipment simulators and training for mining. ThoroughTec will be reported within the parts and services division of the mining business area. The company has over 200 employees and generated about SEK 170 million in revenue in 2025.
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Frequently asked
Who acquired ThoroughTec Simulation?
ThoroughTec Simulation was acquired by Sandvik Manufacturing Solutions. The deal was reported on November 3, 2026. Sandvik is a global, high-tech engineering group providing solutions that enhance productivity, profitability and sustainability for the manufacturing, mining and infrastructure industries. Sandvik Manufacturing Solutions is privately held and operates in Manufacturing.
When did Sandvik Manufacturing Solutions acquire ThoroughTec Simulation?
Sandvik Manufacturing Solutions's acquisition of ThoroughTec Simulation was reported on November 3, 2026. Sandvik has completed the acquisition of ThoroughTec Simulation, a South African provider of equipment simulators and training for mining. ThoroughTec will be reported within the parts and services division of the mining business area. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does ThoroughTec Simulation do?
ThoroughTec Simulation is a provider of equipment simulators and simulator-based training for the global mining industry. The company has more than 200 employees. In 2025 it generated revenues of around SEK 170 million. It is privately held, operating in Education, and is based in Durban.
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