Sweden’s Epiroc has wrapped up its acquisition of 66% of ASI Mining from Autonomous Solutions Inc after announcing the deal in May this year. It has flagged some pricing transparency in the September quarter.
Epiroc bought 34% of ASI Mining, a developer and promoter of “OEM agnostic” mobile mining automation technologies, in 2018.
“OEM [original equipment manufacturer] agnostic [means] they work regardless of machine brand and fit well for mixed fleets,” Epiroc said.
Utah, US-based ASI Mining has its largest international mining tech implementation project in Western Australia’s Pilbara region. It reportedly had 2023 revenues of about US$28 million.
“The transaction will lead to a positive revaluation effect of the ownership held prior to the acquisition in the segment equipment and service,” Epiroc said.
“The gain will be reported as an item affecting comparability in the third quarter 2024.”
Diederik Lugtigheid, former president of ASI Mining and now general manager surface mining automation – haulage at Epiroc, said the Swedish company had been heavily involved with development, manufacturing, deployment and support of ASI Mining products over the past five years.
“Our transition adds two surface mining automation centres to the company; a global centre in Logan, Utah and a regional centre in Perth, Western Australia, and most importantly, a passionate and very capable group of people dedicated to technology development, deployment and support,” Lugtigheid said.
“We look forward to explore synergies with other Epiroc acquisitions and Epiroc’s long-standing products and technologies in the surface and underground automation areas.”
