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    EPI A   SE0015658109

EPIROC AB (PUBL)

(EPI A)
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Delayed Nasdaq Stockholm  -  05/25 06:59:46 am EDT
183.95 SEK   -2.80%
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Epiroc : completes acquisition of Australian mining logging company

06/01/2021 | 05:01am EDT

Stockholm, Sweden: Epiroc, a leading productivity and sustainability partner for the mining and infrastructure industries, has completed the acquisition of Kinetic Logging Services Pty Ltd, an Australian company that provides mining companies with geophysical logging services.

Kinetic Logging Services, based in Perth, Australia, provides mining-technology measurement services to build improved geological models that help mining companies increase productivity. The company's flagship product is OreSight, a highly advanced solution that provides near real-time borehole assay data and grade information. The mining companies feed this data directly into their blast pad models, allowing them to make improved decisions on production and ore blending.The company, which was part of MPC Kinetic Holdings, has about 180 employees and has annual revenues of about MAUD 30 (MSEK 195). The transaction is not subject to a disclosure obligation pursuant to the EU Market Abuse Regulation.

    

Kinetic Logging Services' OreSight platform 

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-completes-acquisition-of-australian-mining-logging-company,c3358407

https://mb.cision.com/Main/16899/3358407/1425936.pdf

https://news.cision.com/epiroc/i/kinetic-logging-services--oresight-platform,c2919774

https://news.cision.com/epiroc/i/kinetic-logging-services,c2919775

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

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Analyst Recommendations on EPIROC AB (PUBL)
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Financials
Sales 2022 47 457 M 4 850 M 4 850 M
Net income 2022 8 350 M 853 M 853 M
Net cash 2022 4 452 M 455 M 455 M
P/E ratio 2022 27,4x
Yield 2022 1,81%
Capitalization 220 B 22 459 M 22 459 M
EV / Sales 2022 4,54x
EV / Sales 2023 4,08x
Nbr of Employees 15 548
Free-Float 81,3%
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Number of Analysts 22
Last Close Price 189,25 SEK
Average target price 207,45 SEK
Spread / Average Target 9,62%
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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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