Atlas Copco has announced it will extend its mining intelligence business having finalized an agreement to acquire Mobilaris MCE.
The company will take a 34% slice of the Swedish-based company that provides advanced software for underground mining operations.
Formerly part of Mobilaris, the newly-acquired business’s software solutions provide real-time situational awareness of mines and detailed status information on vehicles, equipment and personnel in a 3D user interface.
Helena Hedblom, president of Atlas Copco’s mining and rock excavation technique business, said, “We are delighted to deepen our partnership with the innovative team from Mobilaris. We see positive synergies both from sales and support and additional products.
“The innovative team at Mobilaris will play a key role as Atlas Copco further advances its digital and automation solutions, providing mining and civil engineering customers with increased safety, enhanced operational excellence and improved productivity. This is the future in mining.”
The acquisition is expected to be completed in the beginning of the Q3 2017. The purchase price is not material relative to Atlas Copco’s market capitalization and is not disclosed. Mobilaris MCE will operate as a separate company partly owned by Atlas Copco.
June 9, 2017
