Sandvik has struck a deal to acquire Australia-based Universal Field Robots (UFR), a provider of autonomous interoperable solutions, for an undisclosed amount. The company’s portfolio includes agnostic robotic and autonomous solutions for trucks, loaders and auxiliary equipment.
“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,” said Stefan Widing, president and CEO of Sandvik.
UFR will be reported in Digital Mining Technologies, a division within the Sandvik Mining and Rock Solutions business.
The transaction is expected to close during the fourth quarter of 2024.
Source: Sandvik Group