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October 30, 2018
“The investment in ASI Mining is part of our strategy to expand in automation and interoperability in the mining segment,” said Helena Hedblom, Epiroc’s Senior Executive Vice President Mining and Infrastructure. “This is the future in mining, and the great team at ASI Mining has developed state-of-the-art solutions that will enhance Epiroc’s delivery of productivity and safety improvements to customers worldwide.”
The purchase price is not material relative to Epiroc’s market capitalization and is not disclosed. ASI Mining will operate as a separate company partly owned by U.S.-based Epiroc Drilling Solutions LLC. Revenues and operating profit will not be consolidated.