Epiroc Drilling Solutions Invests In ASI
By Chad Elmore30 October 2018
Epiroc Drilling Solutions LLC., a manufacturer that supplies the mining, infrastructure and natural resources industries, has acquired 34% of ASI Mining of Mendon, Utah, which is a subsidiary of Autonomous Solutions Inc. (ASI). Terms of the transaction were not disclosed.
Products from ASI Mining include on-board hardware and software that convert vehicles to autonomous operation, as well as system level software platforms for command and control of autonomous fleets across various mining applications. The solutions integrate with various mobile mining equipment, regardless of make or model, and are used by mining customers globally.
“ASI Mining is now able to leverage Epiroc’s extensive mining automation experience and global service and support network,” said Mel Torrie, CEO of ASI. “This puts us in a position to rapidly scale in delivering mine automation systems that retrofit or integrate with any vehicle make or model.”
The business is estimated to have revenues in 2018 of more than $6 million.
“We believe in the ASI Mining vision and the benefits they can bring to the mining community,” said Jose Manuel Sanchez, president of Drilling Solutions at Epiroc. “We’re excited about the potential that can be realized through the ASI products and Epiroc global footprint in mining.”
Epiroc Drilling Solutions LLC is the investing company of ASI Mining. Revenues and operating profit will not be consolidated.
“A decade ago we started the Pit Viper automation program that has now led to a paradigm change in how drilling is done in surface mining,” said Jon Torpy, vice president of Marketing Drilling Solutions at Epiroc. “We see that the ASI Mining solutions will also fundamentally change the industry toward higher productivity and improved safety. We are excited about the potential that exists when we work together to bring new solutions to the mining community.”
Epiroc Drilling Solutions is headquartered in Garland, Texas. Epiroc was part of the Atlas Copco Group until this past June, when it was listed on the stock exchange.