Epiroc will acquire the remaining 66 per cent of ASI Mining, fully bringing the autonomous mining solutions company into the Epiroc family.
Based in Utah in the US, ASI Mining is a subsidiary of Autonomous Solutions Inc., a leading provider of mining automation systems.
Epiroc acquired 24 per cent of the company back in 2018 to help its customers strengthen their mine safety and productivity while also lowering emissions and total cost of operation.
“Epiroc and the innovative team at ASI Mining are already collaborating closely to bring the most advanced automation solutions to mining customers,” Epiroc president and chief executive officer Helena Hedblom said.
“We look forward to complementing their solutions fully with our offering and together continue supporting customers on their automation journey.”
The acquisition of the remaining shares is expected to be completed in the fourth quarter of 2024.
The news follows Epiroc’s announcement that it is set to acquire Yieldpoint Inc., a Canadian advanced ground support solutions company.
Based in Kingston, Ontario, Canada, Yieldpoint designs, manufactures and sells advanced digital geotechnical instruments to customers worldwide.
“Proper ground support is crucial to safe mining and infrastructure operations,” Hedblom said. “Yieldpoint’s smart and robust monitoring solutions complement our ground support offering well, and expand our portfolio of digital solutions.
“Together we will offer high-tech ground support solutions that allow customers to operate in a safer environment and spend more time focusing on their operations. We look forward to welcoming the experienced and professional Yieldpoint team to Epiroc.”
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