12/03/2021 | Press release | Distributed by Public on 12/02/2021 19:37
Global law firm Norton Rose Fulbright has advised global engineering group Sandvik on its proposed acquisition of Deswik Group, a Brisbane-based software business that focuses on mining industry products.
Sandvik announced on December 2 that it had signed an agreement to acquire Australian-based Deswik, the leading and fastest growing major provider of mine planning software. Deswik will be part of a newly formed division 'Digital Mining Technologies', within the business area 'Sandvik Mining and Rock Solutions'.
Deswik is a privately-owned company established in 2008 and headquartered in Brisbane, Australia. It has about 300 employees and operates 14 offices in 10 countries. Deswik has demonstrated strong and profitable growth over the past decade in the large and growing mining software market.
The acquisition will provide Sandvik with a top-tier supplier of integrated software platforms that support digitalisation throughout mine planning stages, with more than 10,000 current licenses.
Norton Rose Fulbright's multi-jurisdictional team included lawyers from Australia, Canada, US, South America, South Africa and UK. The team advised on all aspects of the deal, including due diligence, deal structuring, regulatory approvals and negotiation of transaction documents.
Australian Corporate M&A partner Marshall Bromwich commented:
"Digital transformation is present in all industries, and the pace at which companies are modernising has really accelerated in recent years. We are pleased to have been able to bring a cross-border team to assist Sandvik to acquire Deswik, with its complementary product suite, quality customer base and history of strong growth. The acquisition will bolster Sandvik's technology offering by providing it with a holistic software and digitalisation offering to its mining clients".
Marshall led the Australian team and was supported by partners Georgina Hey, Ka-Chi Cheung, Nick McHugh, Martin Osborne and Will Webster; special counsel Mindaugas Skavronskas; senior associates Linda Lau, Dietrich Marquardt and Shannon Walker; associates Ming Kalanon, Kasey Solar, Morgan Woodland, Michelle Martin and Amelia Martin; lawyers Michael Lacey and Lachlan Crosbie; graduate Shaun Buckton; and summer clerk Jasper Gotterson.
The international team included, in Canada, partner Troy Ungerman and associate Sam Zadeh; in the US, partner Mara Rogers, senior counsel Stephen Nelson and associate Eric Ramirez; in Brazil, partner Silvia Fazio; in South Africa, directors Amber Kardamilakis and Christina Pretorius, and associate designate Susan Bisset; and in the UK, partners Catrina Smith and Shane O'Reilly, and associates Charlotte Emmerson and Bethan Rowlands.
Norton Rose Fulbright has also advised on a range of corporate M&A deals:
Alex Boxsell, Head of Digital, Communications & Experience, Norton Rose Fulbright in Australia
Tel: +61 (0)2 9330 8165;Cell: +61 (0)414 985 556
Angela Han, Digital & Communications Executive, Norton Rose Fulbright in Australia
Tel: +61 (0)2 9330 8610;Cell: +61 (0)438 429 798