Epiroc Seeks to Acquire ASI Mining’s Shares

Epiroc seeks to acquire the remaining shares of ASI Mining, a company known for its cutting-edge automation systems designed for mining operations. The acquisition amount remains undisclosed due to compliance obligations under the EU Market Abuse Regulation.

Epiroc acquired a 34% stake in ASI Mining in 2018, which reported revenues of approximately US$28 million in 2023. The company offers a variety of technologies including remote control, teleoperation, and fully autonomous systems. These solutions are adaptable to various machine brands, improving safety, productivity, and environmental sustainability in all operations.

Helena Hedblom, President and CEO, Epiroc, expressed her excitement about the new collaboration, highlighting the shared commitment to delivering innovative solutions to the mining sector. "Epiroc and the innovative team at ASI Mining are already collaborating closely to bring the most advanced automation solutions to mining customers. We look forward to complementing their solutions fully with our offering and together continue supporting customers on their automation journey."

The acquisition of the remaining shares is pending approval from the US competition authorities and is expected to be completed in 3Q24.

In an interview with MBN, Bjorn Tisell, General Manager, Epiroc, highlighted the company's strategic acquisitions, noting the incorporation of more than 20 companies and the creation of a new Digital Solutions division. “Our focus on innovation extends to exploration, where recent acquisitions have significantly strengthened our capabilities. We acquired Australia’s Corescan, in Mexico based in Hermosillo, Sonora, which specializes in accurate deposit analysis, enriching our understanding of mineral deposits. Epiroc also acquired a leader in advanced drillhole data analysis, allowing it to provide invaluable information on ore composition. The addition of United States and Australia’s Schramm also introduces new capabilities in inverse simulation, optimizing surface and underground mining operations in terms of efficiency and profitability.”