In accordance with Article 13 of Law No. 104-12 on freedom of prices and competition and Article 10 of Decree No. 2-14-652 adopted for its implementation, as amended and supplemented, the Competition Council makes available to the public the \u201coperation summary\u201d below, containing the information provided by the parties.<\/p>\n
This information has been prepared by the notifying parties, who are solely responsible. Inaccurate or distorted information contained therein does not in any way prejudge the Competition Council’s position on the proposed operation.<\/p>\n
The publication of this press release does not attest to the completeness of the file provided for in Article 9 of Decree No. 2-14-652 adopted for the implementation of Law No. 104-12 on freedom of prices and competition as amended and supplemented.<\/p>\n
Names of the companies and groups concerned:<\/strong><\/p>\n Nature of the operation:<\/strong><\/p>\n Economic sectors concerned:<\/strong><\/p>\n Deadline for interested third parties to submit their observations:<\/strong><\/p>\n NON-CONFIDENTIAL SUMMARY OF THE OPERATION PROVIDED BY THE PARTIES<\/strong><\/p>\n The Competition Council has received notification of an economic concentration project consisting of the exclusive takeover by the companies \u201cSandvik Australia Holdings Proprietary Limited\u201d and \u201cSandvik Proprietary Limited\u201d of the companies \u201cThoroughbred Capital Proprietary Limited\u201d and \u201cThoroughTec Simulation Proprietary Limited\u201d, through the acquisition of 100% of their capital and voting rights.<\/p>\n \u201cSandvik Proprietary Limited\u201d is a private company incorporated under the laws of the Republic of South Africa, and \u201cSandvik Australia Holdings Proprietary Limited\u201d is a limited liability company incorporated under Australian law. These two entities are part of the Sandvik group. Sandvik is a global high-technology engineering group with expertise in material technology and in-depth knowledge of industrial processes.<\/p>\n \u201cThoroughTec Simulation Proprietary Limited\u201d, headquartered in South Africa, designs and manufactures high-fidelity interactive simulation systems, as well as associated technologies and software, and provides corresponding support services. \u201cThoroughbred Capital Proprietary Limited\u201d acts as the holding company for ThoroughTec group’s international subsidiaries.<\/p>\n <\/p>\n Done in Rabat, on May 7, 2026.<\/p>\n","protected":false},"excerpt":{"rendered":" In accordance with Article 13 of Law No. 104-12 on freedom of prices and competition and Article 10 of Decree No. 2-14-652 adopted for its implementation, as amended and supplemented, the Competition Council makes available to the public the \u201coperation summary\u201d below, containing the information provided by the parties. This information has been prepared by the notifying parties, who are solely responsible. Inaccurate or distorted information contained therein does not in any way prejudge the Competition Council’s position on the proposed operation. The publication of this press release does not attest to the completeness of the file provided for in Article 9 of Decree No. 2-14-652 adopted for the implementation of Law No. 104-12 on freedom of prices and competition as amended and supplemented. Names of the companies and groups concerned: The acquirers: the companies \u201cSandvik Australia Holdings Proprietary Limited\u201d and \u201cSandvik Proprietary Limited\u201d; The Targets: the companies \u201cThoroughbred Capital Proprietary Limited\u201d and \u201cThoroughTec Simulation Proprietary Limited\u201d. Nature of the operation: Takeover Economic sectors concerned: Provision of mining simulators and related support services; Provision of mining equipment (drilling, loading, and transportation). Deadline for interested third parties to submit their observations: 10 days from the date of publication of this press release, i.e., May 18, 2026. NON-CONFIDENTIAL SUMMARY OF THE OPERATION PROVIDED BY THE PARTIES The Competition Council has received notification of an economic concentration project consisting of the exclusive takeover by the companies \u201cSandvik Australia Holdings Proprietary Limited\u201d and \u201cSandvik Proprietary Limited\u201d of the companies \u201cThoroughbred Capital Proprietary Limited\u201d and \u201cThoroughTec Simulation Proprietary Limited\u201d, through the acquisition of 100% of their capital and voting rights. \u201cSandvik Proprietary Limited\u201d is a private company incorporated under the laws of the Republic of South Africa, and \u201cSandvik Australia Holdings Proprietary Limited\u201d is a limited liability company incorporated under Australian law. These two entities are part of the Sandvik group. Sandvik is a global high-technology engineering group with expertise in material technology and in-depth knowledge of industrial processes. \u201cThoroughTec Simulation Proprietary Limited\u201d, headquartered in South Africa, designs and manufactures high-fidelity interactive simulation systems, as well as associated technologies and software, and provides corresponding support services. \u201cThoroughbred Capital Proprietary Limited\u201d acts as the holding company for ThoroughTec group’s international subsidiaries. Done in Rabat, on May 7, 2026.<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[352],"tags":[],"class_list":["post-46881","post","type-post","status-publish","format-standard","hentry","category-press-releases"],"acf":[],"yoast_head":"\n\n
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