Digital shift

We aim for digital leadership in our industries. We combine hardware and software to create optimized solutions for the manufacturing, mining and infrastructure industries. Our equipment and tools are increasingly becoming intelligent and automated, gathering data and enabling predictive maintenance, leading to improved productivity and sustainability for our customers.

We have set a target to generate digital and software sales of SEK 6.5 billion by 2025. The expansion of our digital offering in 2022 contributed to our overall growth targets significantly and sales from software and digital solutions were close to SEK 4 billion.

The acquisition of mine planning software provider Deswik in 2022 contributed SEK 620 M in revenue to Sandvik Mining and Rock Solutions and we had strong sales of autonomous mining equipment, AutoMine®. We also increased the number of mines using our Remote Monitoring Services.

Sandvik Rock Processing Solutions aims to have 60 percent of customers utilizing its automated and digital solutions by 2025, thereby gaining operational insights for improving productivity and performance. Automation is a prioritized growth area and the business area sees opportunities to provide leading optimization and automation solutions through continuous developments and new functionality additions for its digital assistant platform SAM™.

In line with the vision to become the leader in closed loop component manufacturing, Sandvik Manufacturing and Machining Solutions developed a new platform technology in tool identification, helping to make production processes more efficient.

Sandvik Manufacturing Solutions reached double digit annual market growth throughout the year with strong contributions from companies acquired in 2021, for example CNC Software (Mastercam). Prioritized growth areas for the business area segment include design and planning automation, additive manufacturing and industrial metrology. Recent acquisitions enable unique combined solutions, such as our ZeroTouch® metrology technology with Metrolog® X4 software for non-contact, 3D measurement of parts integrated near or in-line, and the optimization of Silent Tools® tool holders from Sandvik Coromant with our newly acquired Mastercam Dynamic Motion® toolpath.