Posted by Paul Moore on twenty seventh August 2024
Sandvik has signed an settlement to amass Common Area Robots (UFR), the fast-growing Australia-based supplier of autonomous interoperable options for the floor mining and underground mining markets. UFR shall be reported in Digital Mining Applied sciences, a division inside enterprise space Sandvik Mining and Rock Options.
UFR’s resolution portfolio is constructed on a typical autonomy platform, which is a powerful complement to Sandvik’s automation providing and contains OEM agnostic robotic and autonomous options for vans, loaders and auxiliary tools. The assertion stated that the acquisition “will assist to extend the addressable marketplace for Sandvik and additional strengthens the market place of Sandvik AutoMine® – the world’s main mining automation platform.”
Including to the AutoMine® platform’s present capabilities to combine third get together tools, UFR will considerably develop the variety of suitable third-party tools sorts, offering prospects with versatile alternatives to optimise the efficiency of their full mining tools fleets, whatever the OEM.
“Common Area Robots is a vital strategic addition to Sandvik Mining and Rock Options, which is able to strengthen our progress potential and supply key capabilities within the growth of our mining automation options portfolio going ahead,” says Stefan Widing, President and CEO of Sandvik.
UFR has roughly 40 staff and is headquartered in Brisbane, Australia. Within the monetary yr that led to June 2024, the corporate generated revenues of roughly SEK 80 million. The affect on Sandvik’s EBITA margin shall be restricted. The affect on Sandvik’s earnings per share (excluding non-cash amortisation results from enterprise mixtures) shall be constructive. The events have agreed to not disclose the acquisition value. The transaction is anticipated to shut through the fourth quarter of 2024.
