Sweden

Atlas Copco to acquire 34 % of Swedish Mobilaris MCE

Atlas Copco has agreed to acquire part of Mobilaris MCE AB, a Sweden-based company that provides advanced software that optimizes underground mining operations.

Atlas Copco will acquire 34% of Mobilaris MCE, based in Luleå, Sweden, a business that currently is part of Mobilaris AB. Among other things, Mobilaris MCE’s software solutions offer real-time positioning and detailed status information on vehicles, equipment and personnel, presented in a sophisticated 3D user interface. The software is used for underground mining, tunneling and other civil engineering.

The business has about 20 employees and had revenues in 2016 of about 30 million Swedish krona 30 (3 million euros). The acquisition is expected to be completed in the beginning of the third quarter 2017. The purchase price is not material relative to Atlas Copco’s market capitalization and is not disclosed. Mobilaris MCE will operate as a separate company partly owned by Atlas Copco. “The innovative team at Mobilaris will play a key role as Atlas Copco further advances its digital and automation solutions,” said Helena Hedblom, President of Atlas Copco’s Mining and Rock Excavation Technique business area.

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