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UFR has developed autonomous methods for a number of industries. Supply: Common Subject Robotics
Sandvik AB right now stated it has acquired Common Subject Robots, or UFR, a developer of autonomous methods for the floor and underground mining markets. UFR will report back to Digital Mining Applied sciences, a division throughout the Sandvik Mining and Rock Options enterprise space.
“Common Subject Robots is a crucial strategic addition to Sandvik Mining and Rock Options, which is able to strengthen our development potential and supply key capabilities within the growth of our mining automation options portfolio going ahead,” said Stefan Widing, president and CEO of Sandvik, when the corporate first introduced its intentions in August.
Stockholm, Sweden-based Sandvik gives applied sciences for the mining, manufacturing, and infrastructure industries. As of 2023, the firm had about 41,000 workers, gross sales in 170 international locations, and income of SEK 127 billion ($11.5 billion U.S.).
Common Subject Robots to widen tools compatibility
Common Subject Robots has roughly 40 workers and is headquartered in Eagle Farm, close to Brisbane, Australia. The firm‘s methods are constructed on a typical autonomy platform, together with OEM-agnostic merchandise for vans, loaders, and auxiliary tools.
Sandvik stated UFR’s expertise enhances its personal automated choices. “The acquisition will assist to extend the addressable marketplace for Sandvik and additional strengthens the market place of Sandvik AutoMine — the world’s main mining automation platform,” it claimed.
The businesses stated the acquisition will broaden the variety of third-party tools varieties that may combine with AutoMine.
Within the monetary 12 months that led to June 2024, Common Subject Robots generated income of roughly SEK 80 million ($7.2 million). Sandvik stated the acquisition may have a restricted impact on its earnings earlier than curiosity, taxes, and amortization (EBITA) shall be restricted. It added that the impression on its earnings per share, excluding non-cash amortization results from enterprise combos, shall be optimistic.
