Epiroc completes acquisition of majority ownership in Australian mine connectivity provider

Stockholm, Sweden: Epiroc, a leading productivity and sustainability partner to the mining and infrastructure industries, has completed the acquisition of a majority stake (53%) of Radlink, an Australian company that provides mines with wireless connectivity solutions.

Radlink, headquartered in Perth, Australia, designs, delivers, and integrates wireless data and voice communication networks and supporting infrastructure to surface and underground mines throughout Australia. Robust wireless networks are vital to support mining automation, including autonomous and teleremote solutions, which in turn strengthen safety and productivity. The company has approximately 330 employees and had revenues in the fiscal year ending June 30, 2022, of about MAUD 145 (MSEK 1 040). 

Epiroc announced on September 19, 2022, that it had agreed to acquire the majority stake. 

The transaction is not subject to a disclosure obligation pursuant to the EU Market Abuse Regulation. To learn more about Radlink, please see www.radlink.com.au/.

A Radlink-built communication network site

 
For more information please contact:
Ola Kinnander, Media Relations Manager
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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 40 billion in 2021, and has more than 15 500 passionate employees supporting and collaborating with customers in more than 150 countries. Learn more at www.epirocgroup.com.

https://news.cision.com/epiroc/r/epiroc-completes-acquisition-of-majority-ownership-in-australian-mine-connectivity-provider,c3658996

https://mb.cision.com/Main/16899/3658996/1646765.pdf

https://news.cision.com/epiroc/i/radlink-site,c3108725

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