DSI Underground’s wholly-owned subsidiary DSI Underground SMART recently completed the acquisition of Edvirt, a VR training specialist. The acquisition will boost DSI Underground’s investment in new technology and innovation to drive productivity and safety across tunneling and mining operations ahead. Edvirt offers products and training programs to mining and tunneling customers globally based on VR training technology.
“Presents an ideal addition to DSI Underground SMART’s growing portfolio of intelligent, digital solutions and services.” – Statement by DSI Underground.
Edvirt will build new services for DSI Underground SMART and, at the same time, will continue to operate as a standalone company to serve its global customer base. The transaction is believed to be closed by mid of 2021, subject to 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 unmatched virtual training offering supporting safety and productivity across the underground development cycle. Together we will drive our growth forward and reinforce progress.” – Michael Reich, CEO of 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.” – Tomislav Rogan, CEO of 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 clients globally together with our new partners.” – Eric Odkrans, Co-Founder at Edvirt.
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