DSI Underground has acquired Edvirt, a virtual reality-based training services provider backed by Chalmers Ventures.
Edvirt, a Sweden-based edtech developer backed by Chalmers University of Technology’s venture arm Chalmers Ventures, was acquired today by DSI Underground Smart, a subsidiary of mining systems provider DSI Underground.
Financial terms of the deal have not been disclosed. The company is set to be eventually absorbed into engineering company Sandvik, which has signed an agreement to purchase DSI in a deal anticipated to close by mid-2021.
Edvirt has developed a training platform that relies on virtual reality to provides courses to mining and tunnelling clients. It will now develop new services for DSI, but will also continue to operate as a standalone company.
Tomislav Rogan, CEO of Edvirt, said: “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.”
Chalmers Ventures lists Edvirt as a portfolio company, however further details could not be ascertained.
