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Sandvik to acquire autonomous mining solutions company
27 August 2024
Sandvik has signed an agreement to acquire Universal Field Robots (UFR), an Australia-based company that offers autonomous interoperable solutions for surface mining and underground mining markets.
UFR's solutions are said to be compatible with different manufacturers (Photo: Universal Field Robots)
UFR’s solutions are based on a common autonomy platform. It includes robotic and autonomous solutions for trucks, loaders, and auxiliary equipment, and is said to be compatible with equipment from different manufacturers.
By integrating UFR’s capabilities, Sandvik highlights that the AutoMine platform will be able to work with a wider range of third-party equipment, giving users more flexibility to optimise the performance of their mining equipment fleets, regardless of the manufacturer.
“Universal Field Robots is an important strategic addition to Sandvik Mining and Rock Solutions, which will strengthen our growth potential and provide key capabilities in the development of our mining automation solutions portfolio going forward,” says Stefan Widing, president and CEO of Sandvik.
The parties have agreed not to disclose the purchase price. The transaction is expected to close during the fourth quarter of 2024.
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