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Epiroc acquires 34% stake in autonomous mining business in Utah

October 31, 2018

Epiroc Drilling Solutions has acquired 34% of Utah-based ASI Mining, a company which provides on-board hardware and software which concert vehicles to autonomous operations.

Helena Hedblom, Epiroc’s senior executive vice president mining and infrastructure, says the investment is part of a strategy to expand in the automation and interoperability in the mining segment.

Under the terms of the agreement, ASI Mining will operate as a separate company partly owned by US-based Epiroc Drilling Solutions.

ASI Mining, a subsidiary of Autonomous Solutions, also offers system level software platforms for command and control of autonomous fleets across a range of mining applications.

ASI’s solutions are expected to integrate with various mobile mining applications while the business is estimated to have revenues in 2018 of more than $6 million.

“This is the future in mining, and the great team at ASI Mining has developed state-of-the-art solutions that will enhance Epiroc’s delivery of productivity and safety improvements to customers worldwide,” Hedblom adds.

The purchase price of the transaction is not disclosed.

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