Atlas Copco takes share of Swedish software company
26 July 2017Sweden – Atlas Copco has taken a 34 per cent stake of Mobilaris MCE, a Swedish software company that ‘optimises underground mining operations’ The company, based in Luleå, produces software that gives situational awareness in mines, real-time positioning and vehicle status information, as well as details on personnel and equipment on a 3D user interface.
The software has applications in mining, tunnelling and other civil engineering works according to a spokesperson for Atlas Copco, who added: “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.”
Mobilaris has about 20 employees and revenues of about SEK 30M (USD 3.5M).
Helena Hedblom, President of Atlas Copco’s Mining and Rock Excavation Technique business area said: “This is the future of mining.”
