Epiroc has agreed to acquire the remaining 66% of ASI Mining it does not already own. A subsidiary of Autonomous Solutions, Inc., ASI Mining is a U.S.-based provider of automation systems for mining equipment, such as remote control, teleoperation, and fully autonomous solutions. Its solutions are OEM agnostic, meaning they work regardless of machine brand and fit well for mixed fleets.
“Epiroc and the innovative team at ASI Mining are already collaborating closely to bring the most advanced automation solutions to mining customers,” said Helena Hedblom, president and CEO, Epiroc. “We look forward to complementing their solutions fully with our offering and together continue supporting customers on their automation journey.”
ASI Mining had revenues of more than $28 million in 2023. The acquisition of the remaining share requires regulatory approval from U.S. competition authorities and is expected to be completed in Q3 2024. The purchase price was not disclosed.
