TECHNOLOGY

Atlas Copco completes Mobilaris deal

Atlas Copco has completed the acquisition of part of software provider Mobilaris

Staff reporter

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Atlas Copco has acquired 34% of Mobilaris MCE, based in Luleå, Sweden, a business that was 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 3D user interface. The software is used for underground mining, tunneling and other civil engineering. The business has about 20 employees and had revenues in 2016 of about MSEK 30 (MUSD 3.5).

Atlas Copco announced on June 8, 2017, that it had agreed to the acquisition. Mobilaris MCE will operate as a separate company partly owned by Atlas Copco.

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