Digital shift
Sandvik aims for digital leadership in its 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 Group digital and software sales of SEK 6.5 billion by 2025, and are on track to deliver on the target. The expansion of our digital offering in 2023 significantly contributed to our overall growth targets and sales from software and digital solutions were close to SEK 5 billion.
Sandvik Mining and Rock Solutions is creating value through leading autonomous solutions and integrated digital and AI platforms that support customers across the value chain. The Digital Mining Technologies division achieved double-digit organic growth year on year, with support from the acquisitions made in previous years, such as mine planning software company Deswik. We achieved strong sales of autonomous mining equipment and AutoMine® solutions, and 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 continued to integrate acquisitions made in previous years, establishing a stronger portfolio of world-leading combined software solutions. CoroCut® QD for Y-axis parting and CoroPlus® Tool Library, for example, are now integrated into some of our CAM software solutions, creating more seamless user experiences.
