In 2023, ASI had revenues of about 300 million Swedish crowns ($28 million) in 2023.
“Epiroc and the modern crew at ASI Mining are already collaborating intently to carry probably the most superior automation options to mining prospects,” says Helena Hedblom, Epiroc’s president and CEO. “We stay up for complementing their options absolutely with our providing and collectively proceed supporting prospects on their automation journey.”
The acquisition of the remaining shares requires regulatory approval from US competitors authorities, and is anticipated to be accomplished within the third quarter 2024. The events have agreed to not disclose the acquisition worth because the transaction shouldn’t be topic to a disclosure obligation pursuant to the EU Market Abuse Regulation.
The transaction will result in a constructive revaluation impact of the possession held previous to the acquisition within the tools & service phase, Epiroc mentioned, including that the acquire shall be reported as an merchandise affecting comparability within the third quarter of 2024.