Epiroc completes acquisition of remaining share of autonomous solutions provider ASI Mining
Stockholm, Sweden: Epiroc, a leading productivity and sustainability partner for the mining and construction industries, has completed the acquisition of the remaining share of ASI Mining, a U.S.-based autonomous mining solutions company. Epiroc already owned 34% of ASI Mining, which it acquired in 2018. The acquisition regards the remaining 66% of the company.
ASI Mining is based in Mendon, Utah, United States. The company, which was a subsidiary of Autonomous Solutions, Inc., is a leading provider of mining automation systems, such as remote control, teleoperation, and fully autonomous solutions. Its solutions are OEM agnostic, meaning they work regardless of machine brand and fit well for mixed fleets. The solutions strengthen mine safety and productivity while lowering emissions and total cost of operation. ASI Mining had revenues of about MSEK 300 in 2023.
Epiroc announced on May 29, 2024, that it had agreed to acquire the remaining shares of ASI Mining.
The parties have agreed not to disclose the purchase price as the transaction is not subject to a disclosure obligation pursuant to the EU Market Abuse Regulation.
The transaction will lead to a positive revaluation effect of the ownership held prior to the acquisition in the segment Equipment & Service. The gain will be reported as an item affecting comparability in the third quarter 2024.
Read more about ASI Mining at https://asimining.com/.
An illustration of ASI Mining’s solutions on a mine truck
For more information please contact:
Ola Kinnander, Media Relations Manager
+46 70 347 2455
media@epiroc.com
Epiroc is a global productivity partner for mining and construction customers, and accelerates the transformation toward a sustainable society. With ground-breaking technology, Epiroc develops and provides innovative and safe equipment, such as drill rigs, rock excavation and construction equipment and tools for surface and underground applications. The company also offers world-class service and other aftermarket support as well as solutions for automation, digitalization, and electrification. Epiroc is based in Stockholm, Sweden, had revenues of more than SEK 60 billion in 2023, and has around 18 200 passionate employees supporting and collaborating with customers in around 150 countries. Learn more at www.epirocgroup.com.
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