DSI Underground acquires 100% of the training and VR company Edvirt

On 26 February 2021, DSI Underground SMART, a wholly owned subsidiary of DSI Underground completed the acquisition of the virtual reality training specialist Edvirt. The acquisition boosts
DSI Underground’s investment in innovation to drive efficiency and safety across mining and tunneling operations forward.

Edvirt provides products and training courses to mining and tunneling customers worldwide based on its leading-edge virtual reality training technology. The company is headquartered in Gothenburg, Sweden and presents an ideal addition to DSI Underground SMART’s growing portfolio of 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.
As 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.

“Our mission has from the start been to develop the industry to become safer and smarter, utilizing intelligent digital solutions such as training simulators. We are therefore very excited to join the DSI Underground and Sandvik Mining and Rock Solutions family”, says Tomislav Rogan, CEO Edvirt.

“Edvirt is a great story of innovation becoming an industry standard. We are happy to go into a new phase increasing our digital service and product portfolio and reaching more client’s globally together with our new partners” says Eric Odkrans, Co-founder and Head of Business Development at Edvirt.

About Edvirt
Edvirt is an edtech company focused on the mining and tunneling industries. Edvirt’s virtual reality-based training and certification courses are designed to increase safety, enhance quality and reduce costs in underground operations. The company consists of experienced mining and tunneling engineers, trainers and software developers with a strong track record of improving training standards and delivering innovative training solutions. The company is headquartered in Gothenburg, Sweden and operates globally.
For further information: www.edvirt.com

About DSI Underground
DSI Underground is the world’s leading supplier of ground support products, systems and solutions for the underground mining and tunneling industry. We are present in 70 countries and employ over 2,000 people, including engineers and technical specialists with in-depth experience of the underground industry.
With market-leading brands covering everything from bolting systems through to injection chemicals and resin capsules, we reinforce mines, tunnels and underground structures, helping our customers advance underground, and advance towards their objectives – safer, faster and more efficiently than ever.
For further information: www.dsiunderground.com