Epiroc is buying a small, 24-year-old Canadian supplier of advanced digital geotechnical instruments for an undisclosed sum.
Kingston, Ontario-based Yieldpoint says low-cost telemetry has made real-time monitoring of geotechnical instruments “a reality at most mines”. It has developed a geotechnical data platform (GDP) for aggregation and visualisation of large volumes of geotechnical data.
Yieldpoint says its monitoring instruments have an onboard micro-controller that performs signal processing, reporting a unique sensor ID, and converts to “real world units”.
“The end-result is a plug-and-play ecosystem comprising instruments, data-loggers, telemetry, and network gateways which aggregate readings to a cloud database,” the company says.
Epiroc said Yieldpoint had mining and construction customers around the world.
“Yieldpoint’s smart and robust monitoring solutions complement our ground support offering well, and expand our portfolio of digital solutions,” Epiroc CEO Helena Hedblom said.
She said the acquisition was expected to be completed towards the end of the current quarter.
