[Stockholm; 2017-06-08] Atlas Copco acquires 34% of Mobilaris MCE, the Mining and Civil Engineering branch of Mobilaris Group AB. The acquisition is expected to be completed at the start of the third quarter 2017. Mobilaris MCE will operate as a separate company partly owned by Atlas Copco’s Mining and Rock Excavation Technique business area.
Mobilaris’ technology enables real time 3D tracking, planning and monitoring of vehicles, people and objects – solutions which enable productivity enhancements and increased safety for mining sites as well as other applications.
The deal corresponds with a growing demand for Mining IoT (Internet of Things) solutions, where Mobilaris and Atlas Copco together foresee value from their existing and new clients, respectively.
– ”The innovative team at Mobilaris will play a key role as Atlas Copco further advances its digital and automation solutions, providing mining and civil engineering customers with increased safety, enhanced operational excellence and improved productivity,” says Helena Hedblom, President of Atlas Copco’s Mining and Rock Excavation Technique business area. “This is the future in mining.”
Developments within so called Industrial Internet of Things enable vast cost savings for mining businesses, since the technology enables real time monitoring of people, products and vehicles in and around a mining site. This in turn enables both efficiency and safety enhancements. Since Mobilaris’ open technology can utilize a mix of positioning and communication technologies, investments can be optimized to every need.
Mikael Nyström, CEO of Mobilaris Group comments:
– “Mobilaris’ and Atlas Copco’s joint innovative strengths will further speed up the access to new features increasing mining productivity. Mobilaris agnostic system approach will be a key reason for new customers coming to use Mining Intelligence technology. We are certain that such open technology platforms will create ripples across the entire mining industry.”
Mobilaris products and solutions are based on a technology agnostic approach which works with all applications and technologies. This will remain at the heart of Mobilaris strategy and supported by Atlas Copco, allowing our clients to make data driven decisions and to optimize their businesses by connecting a large variety of applications, systems, and technologies.
The purchase price is not material relative to Atlas Copco’s market capitalization and is not disclosed.
For more information, please contact:
General Manager, Mining & Civil Engineering (MCE)
+46 70 534 88 62
CEO, Mobilaris Group
+46 70 524 65 86
Mining intelligence film link: www.mobilaris.se/solutions/mining-and-industrial-intelligence
High resolution pictures for download, please follow links below:
The signing 1 [From left: Helena Hedblom (President of Atlas Copco’s Mining and Rock Excavation Technique business area) Jonas Albertson (CEO Atlas Copco) Johan Hernmarck (board of directors Mobilaris]
The signing 2 [From left: Fredrik Öberg (Vice President Marketing, Rock Drills Atlas Copco), Mikael Nyström (CEO Mobilaris) Lars-Eric Aaro (chairman Mobilaris]
The team [From left: Sebastian Rosvall (Cederquist), Fredrik Öberg (Atlas Copco), Eva Klasén (Atlas Copco), Lars-Eric Aaro (Mobilaris), Helena Hedblom (Atlas Copco), Mikael Nyström (Mobilaris), Petter Wirell (Cederquist), Johans Hernmarck (Mobilaris), Jonas Albertson (Atlas Copco)
About the strategic partnership
- Atlas Copco will acquire a 34% stake in Mobilaris MCE, based in Luleå, Sweden, a business that currently is part of Mobilaris AB.
- Mobilaris MCE’s software solutions offer situational awareness, real-time positioning and information on vehicles, equipment and personnel, presented in a sophisticated 3D user interface. The software is used for underground mining, tunneling and civil engineering.
- Mobilaris was established in 1999 as a spin-off from Telia Mobile and Telia Research. In 2000, Mobilaris launched the world’s first LBS platform together with Telia and Ericsson. Mobilaris currently have 22 employees, is present on four continents reaching more than 150 million subscribers within SW based positioning for commercial, public safety services, industry solutions and lawful intercept use
- Mobilaris Group consists of two divisions; Mining & Civil Engineering (MCE) and National Security
- Mobilaris MCE will operate as a separate company partly owned by Atlas Copco’s Mining and Rock Excavation Technique business area.
- Mobilaris products and solutions are based on crossover technology which works with all applications and technologies. The joint strategy is to offer the market open crossover solutions working with all technologies and avoiding clients having to lock themselves in into certain technologies.
- The solutions platform is based around five main offerings:
- The acquisition is expected to be completed at the start of the third quarter 2017. The purchase price is not disclosed by the parties. The deal is not material relative to Atlas Copco’s market capitalization.