Datamine CEO Dylan Webb has described the company’s acquisition of Brazil’s Sodep as a key strategic move by the Constellation Software unit, which has been among the most active M&A players in the mining technology arena in the past decade. Constellation has now made 24 mining tech acquisitions.
Webb said via social media Sodep’s technology was “modern and scalable, with deep fleet management functionality that perfectly complements Datamine’s ore control, inventory management and metal sales solutions”.
Sodep’s flagship product is its Minetrack fleet management system. It has about 60 mining and civil construction sites in Brazil using its products.
On the mining workflow side, Minetrack is seen as a strong fit with popular Datamine products.
Datamine has customers sending electronic dig lines – mine ore and waste boundaries – from its Ore Controller software to fleet management systems (FMS). Its MineMarket software then picks up FMS truck and shovel material movements and tracks material through a crushing and processing circuit to a final destination that is usually a ship at a port.
“With Sodep we can now directly allocate, dispatch and track material through the entire mining value chain without reliance on any third-party technologies,” Webb says.
Twelve-year-old Sodep was founded by Marcos Luciano and Kleyton Miranda, who both previously worked at Devex, a mining tech firm acquired in 2013 by Sweden’s Hexagon. Sodep was also part-owned by Brazil’s Tecnofink Holding.
Webb says the founders have agreed to stay with the business for its “next phase of global growth”.