Epiroc invests in autonomous solutions with ASI Mining acquisition

Epiroc has acquired 34 per cent of Autonomous Solution subsidiary ASI Mining, a provider of technology solutions for autonomous fleets, for an undisclosed amount.

ASI Mining produces onboard hardware and software that set up mining vehicles with autonomous capability. Its solutions are designed to integrate with mobile mining equipment regardless of make or model.

In 2018, the business is estimated to generate revenues of more than $US6 million ($8.5 million).

Epiroc demonstrates continued strong interest in automation by recently inaugurating the new Epiroc Control Tower in Örebro, Sweden, designed as an innovation arena for exploring and developing automation solutions.

Jon Torpy, Epiroc’s vice president of marketing drilling solutions, said, “A decade ago we started the Pit Viper automation program that has now led to a paradigm change in how drilling is done in surface mining.

“We see that the ASI Mining solutions will also fundamentally change the industry toward higher productivity and improved safety. We are excited about the potential that exists when we work together to bring new solutions to the mining community.”

The transaction follows Epiroc’s acquisition of Canada-based Fordia Group, manufacturer of exploration drilling tools, earlier in October this year.

While Fordia joins Epiroc Drilling Tools division and continue to be based in Montreal, ASI Mining will become part of Epiroc Drilling Solutions in Texas.

To keep up to date with Australian Mining, subscribe to our free email newsletters delivered straight to your inbox. Click here.