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    EPI A   SE0015658109

EPIROC AB (PUBL)

(EPI A)
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Epiroc : acquires Chilean provider of intelligent mining solutions

07/07/2021 | 02:31am EDT

Stockholm, Sweden: Epiroc, a leading productivity and sustainability partner for the mining and infrastructure industries, has acquired Mining Tag S.A., a Chilean company that provides sensor-based solutions that strengthen safety and productivity in mines by making operations smarter.

Mining Tag, based in Santiago, Chile, develops and implements sensor-based solutions that allow monitoring, automation and process improvement of mining operations. The solutions are mainly used in underground mining. The company's proven solutions include MT OneMine for increased productivity and MT Guardian for improved safety. Mining Tag is active in several countries in Latin America. It has about 120 employees and had revenues in 2020 of about MUSD 7 (MSEK 65).

"Intelligent mining solutions are the future," says Helena Hedblom, Epiroc's President and CEO. "Together with the innovative team at Mining Tag we will strengthen our smart digitalization offering to customers in Latin America and beyond."

The transaction is not subject to a disclosure obligation pursuant to the EU Market Abuse Regulation. To learn more about Mining Tag, please see www.miningtag.com/en/.



For more information please contact:
Ola Kinnander, Media Relations Manager
+46 70 347 2455
media@epiroc.com

Epiroc is a vital part of a sustainable society and a global productivity partner for mining and infrastructure customers. With ground-breaking technology, Epiroc develops and provides innovative and safe equipment, such as drill rigs, rock excavation and construction equipment and tools for surface and underground applications. The company also offers world-class service and other aftermarket support as well as solutions for automation, digitalization and electrification. Epiroc is based in Stockholm, Sweden, had revenues of SEK 36 billion in 2020, and has 14 000 passionate employees supporting and collaborating with customers in about 150 countries. Learn more at www.epirocgroup.com.


 

https://news.cision.com/epiroc/r/epiroc-acquires-chilean-provider-of-intelligent-mining-solutions,c3381125

https://mb.cision.com/Main/16899/3381125/1441944.pdf

https://news.cision.com/epiroc/i/mining-tag,c2934135

(c) 2021 Cision. All rights reserved., source Press Releases - English

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Financials
Sales 2022 47 457 M 4 763 M 4 763 M
Net income 2022 8 350 M 838 M 838 M
Net cash 2022 4 452 M 447 M 447 M
P/E ratio 2022 27,0x
Yield 2022 1,84%
Capitalization 216 B 21 699 M 21 699 M
EV / Sales 2022 4,46x
EV / Sales 2023 4,01x
Nbr of Employees 15 548
Free-Float 81,3%
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Number of Analysts 22
Last Close Price 186,60 SEK
Average target price 207,45 SEK
Spread / Average Target 11,2%
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Managers and Directors
Helena Hedblom President, Chief Executive Officer & Director
Håkan Victor Folin Chief Financial Officer, SVP-Finance & Controlling
Ronnie Leten Chairman
Ylva Lindquist Vice President-Compliance
Anders Gerhard Ullberg Independent Director
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