Epiroc acquires remaining share of Mobilaris MCE
Mobilaris Onboard used in an underground operation
Stockholm, Sweden: Epiroc, a leading productivity and sustainability partner for the mining and infrastructure industries, has acquired the remaining share of Mobilaris MCE AB, a Sweden-based company that provides advanced situational awareness solutions that optimize operations in mining and civil engineering.
Mobilaris Mining and Civil Engineering (MCE), based in Luleå, Sweden, is a leading supplier of solutions that use data from personnel and machines to present real-time positioning and detailed status information in a sophisticated 3D user interface. The solution creates significant benefits for mining and civil engineering including shortening evacuation times, optimizing traffic flow, improving work conditions and reducing emissions.
Epiroc previously owned 34% of Mobilaris MCE and now owns 100%. Mobilaris MCE, which was a subsidiary of Mobilaris AB, has about 50 employees and had revenues of about MSEK 60 in 2020.
“Epiroc and the innovative team at Mobilaris MCE are already working closely together to provide situational awareness that boosts customers’ personnel safety and operational productivity,” says Epiroc President and CEO Helena Hedblom. “We will now incorporate their solutions fully in our comprehensive offering of 6th Sense digital solutions.”
The transaction is not subject to a disclosure obligation pursuant to the EU Market Abuse Regulation.
Epiroc is a vital part of a sustainable society and a global productivity partner for mining and infrastructure customers. 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 SEK 36 billion in 2020, and has about 15 000 passionate employees supporting and collaborating with customers in about 150 countries. Learn more at www.epirocgroup.com