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Epiroc to complete buyout of ASI Mining

Epiroc will acquire the remaining shares of US autonomous solutions provider ASI Mining

Epiroc will buy all remaining shares of ASI Mining, a US-based autonomous mining solutions company, expanding from its current 34 share.

ASI Mining, based in Mendon, Utah, is a subsidiary of Autonomous Solutions, Inc., a developer of mining automation systems, such as remote control, teleoperation and fully autonomous solutions. Its solutions are OEM agnostic, meaning they work regardless of machine brand and therefore can be applied across mixed fleets, and can be retrofit to machines. Once the remaining shares are purchased, ASI Mining will become a subsidiary of Epiroc Group.

“Epiroc and the innovative team at ASI Mining are already collaborating closely to bring the most advanced automation solutions to mining customers,” Epiroc president and CEO Helena Hedblom says.

“We look forward to complementing their solutions fully with our offering and together continue supporting customers on their automation journey.”

The acquisition of the remaining share requires regulatory approval from U.S. competition authorities and is expected to be completed in the third quarter 2024.

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