Epiroc buys Canadian ground support company

Epiroc has agreed to acquire Canadian-based Yieldpoint, which provides advanced ground support solutions that strengthen safety for mining and civil engineering applications, for an undisclosed amount.

“Proper ground support is crucial to safe mining and infrastructure operations. Yieldpoint’s smart and robust monitoring solutions complement our ground support offering well, and expand our portfolio of digital solutions,” said Helena Hedblom, Epiroc president and CEO. 

“Together we will offer high-tech ground support solutions that allow customers to operate in a safer environment and spend more time focusing on their operations. We look forward to welcoming the experienced and professional Yieldpoint team to Epiroc.”

The acquisition is expected to be completed toward the end of the second quarter of 2024. 

Source: Epiroc

Related posts