Mining Company Purchases VR Training Provider

DSI Underground SMART completed the acquisition of Swedish virtual reality (VR) training specialist Edvirt. The acquisition boosts DSI Underground’s investment to drive efficiency and safety across mining and tunneling operations forward.

Edvirt provides products and training courses to mining and tunneling customers based on its VR training technology. The company is headquartered in Gothenburg, Sweden and presents an ideal addition to DSI Underground SMART’s intelligent, digital solutions and services. Edvirt will develop new services for DSI Underground SMART but will also continue to operate as a standalone company and serve its international customer base.

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Announced previously, Sandvik has signed an agreement to acquire DSI Underground as part of which DSI and Edvirt will become part of Sandvik Mining and Rock Solutions. The transaction is expected to close by mid-2021 and is subject to relevant regulatory approvals.

"Mining and tunneling require efficient and intelligent digital solutions. Today, simulator-based, remote training courses and certification programs are increasingly becoming part of our daily business. We are very pleased to have gained an excellently positioned partner in Edvirt and welcome many knowledgeable new colleagues to join our team. DSI Underground SMART and Edvirt will be able to offer an unmatched virtual training offering supporting safety and productivity across the underground development cycle. Together we will drive our growth forward and reinforce progress," stated Michael Reich, CEO DSI Underground.