Atlas Copco acquires software business

PRESS RELEASE: Atlas Copco has agreed to acquire part of Mobilaris MCE, a Sweden-based company that provides software for optimising underground mining operations
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Mobilaris software in use underground

Staff reporter

Atlas Copco will acquire 34% of Mobilaris MCE, based in Luleå, Sweden, a business that is currently part of Mobilaris AB. 

Mobilaris MCE’s software solutions offer situational awareness of the mines, real-time positioning and detailed status information on vehicles, equipment and personnel, presented in a sophisticated 3-D user interface. The software is used for underground mining, tunnelling and other civil engineering. The business has 20 employees and had revenues of about US$3.5 million in 2016.

“The innovative team at Mobilaris will play a key role as Atlas Copco further advances its digital and automation solutions, providing mining and civil engineering customers with increased safety, enhanced operational excellence and improved productivity,” said Helena Hedblom, president of Atlas Copco’s Mining and Rock Excavation Technique business area. 

The acquisition is expected to be completed in the beginning of the September quarter 2017. Mobilaris MCE will operate as a separate company partly owned by Atlas Copco.