Articles for tag: autonomous, buys, Epiroc, mining, providerASI, remaining, solutions, stake

May 30, 2024

Ron Finklestien

mining

Epiroc buys remaining stake in autonomous solutions provider ASI Mining

In 2023, ASI had revenues of about 300 million Swedish crowns ($28 million) in 2023. “Epiroc and the innovative team at ASI Mining are already collaborating closely to bring the most advanced automation solutions to mining customers,” says Helena Hedblom, Epiroc’s president and CEO. “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 share requires regulatory approval from US competition authorities, and is expected to be completed in the third quarter 2024. The parties have agreed not to disclose the purchase price as the

March 27, 2024

Ron Finklestien

mining

Epiroc Announces Division Split to Enhance Business Focus

Executive Restructuring On May 1, Epiroc is set to implement a strategic division split within its tools and attachments division. Martin Hjerpe, the current Senior Vice President of M&A, strategy, and supply chain, will step into the role of President for the Tools division. Goran Popovski, who presently serves as the president of the Tools & Attachments division, will transition to lead the Attachments division. Optimizing Growth Epiroc’s President and CEO, Helena Hedblom, emphasized the rationale behind this move, stating, “With past growth and the recent acquisition of Stanley Infrastructure – our largest acquisition to date – our tools and

January 9, 2024

Ron Finklestien

mining

Epiroc and Vale Canada partner to strengthen safety safety processes

Epiroc and Vale Canada partner to advance safety processes Epiroc and Vale Canada Join Forces for the Future The collaboration between Epiroc and Vale Base Metals signals a new era in mining safety, with a shared vision to drive innovation and set higher safety standards without sacrificing productivity. Sarah Hoffman, Epiroc’s Vice President of Sales and Marketing for the underground division, expressed excitement about the collective commitment to revolutionize safety in the mining industry. Vale Base Metals is poised to integrate Epiroc’s cutting-edge technology and digital advancements in underground operations, aiming to eliminate direct human presence in hazardous areas such