Epiroc’s recent acquisition of Yieldpoint marks a significant expansion in their digital solutions portfolio, enhancing safety and operational efficiency in mining and construction.
- Yieldpoint, based in Kingston, Ontario, specialises in advanced digital geotechnical tools, gaining them a global clientele dedicated to underground applications.
- Epiroc’s CEO, Helena Hedblom, emphasises the importance of this acquisition in strengthening their ground support offerings with smart monitoring innovations.
- This strategic move aligns with Epiroc’s commitment to providing high-tech solutions that promote safer and more efficient mining environments.
- The acquisition highlights Epiroc’s forward-thinking approach in integrating cutting-edge technology to meet the evolving demands of the mining industry.
Earlier this year, Epiroc, a renowned Swedish manufacturer of mining and construction equipment, announced its acquisition of Yieldpoint, a tech innovator from Canada. Yieldpoint is celebrated for its development of movement sensors and telemetry equipment, critical for geotechnical monitoring. Their portfolio predominantly serves underground mining, tunnelling, and civil engineering, making it an ideal complement to Epiroc’s existing product lines.
Yieldpoint operates out of Kingston, Ontario, and has earned a reputation for engineering sophisticated geotechnical instruments. Renowned for their precision and reliability, Yieldpoint’s products are utilised by a diverse range of global customers who require advanced monitoring equipment for subterranean operations. The company employs a small but highly specialised team of ten people dedicated to innovation in this niche market.
Helena Hedblom, President and CEO of Epiroc, articulated the strategic value of this acquisition, stating, “Proper ground support is crucial to safe mining and infrastructure operations.” Hedblom highlighted that Yieldpoint’s advanced monitoring solutions enhance Epiroc’s offerings, enabling customers to maintain focus on their core operational activities while benefiting from increased safety measures.
This acquisition reflects Epiroc’s strategic objectives to broaden its technological capabilities and deliver comprehensive solutions that address the precise needs of its customers. Through integrating Yieldpoint’s technologies, Epiroc aims to enhance operational safety standards and efficiency, ultimately allowing for more resilient mining practices.
Thus, Epiroc’s latest acquisition is not merely an expansion of its product range but a significant advancement in its mission to deliver unparalleled safety and productivity improvements to the mining and construction sectors.
The acquisition of Yieldpoint signifies a key step forward in Epiroc’s mission to advance safety and efficiency in mining operations.
