The acquisition will enable Epiroc to leverage Kinetic Logging Service's flagship geological modelling product, OreSight, which provides near real-time borehole assay data and grade information.
Financial details of the transaction, which is expected to be completed in Q2 2021, were not disclosed.
Mining companies feed the data from OreSight directly into their blast pad models, allowing them to make improved decisions on production and ore blending.
"Epiroc is looking forward to welcome the great team at Kinetic Logging Services to the Epiroc Group," says Helena Hedblom, Epiroc's president and CEO. "Together, we will provide a wide range of smart products and services that strengthen mining customers' end-to-end productivity, and we look forward to bringing OreSight to our customers around the world."
Kinetic Logging Service is part of MPC Kinetic Holdings, has about 180 employees and has annual revenues of about A$30 million (US$23.1 million).