Caterpillar Holdings Australia Pty. Ltd. has acquired Australia-based Minetec Pty Ltd. from Codan Ltd. Specializing in communications technology for mining, Minetec supplies high-precision tracking and data communications networks as well as a purpose-built set of software applications that address both productivity and safety for underground mining. The acquisition demonstrates Cat’s commitment to the expansion of MineStar Solutions for integrated underground operations, according to the company.
“The acquisition will further drive integration of Minetec’s world-class underground products and capabilities, such as task management, high-precision tracking, wireless communications and proximity detection into MineStar,” said Jim Hawkins, general manager of Cat MineStar Solutions. “As miners move to automate underground mines, this will further enhance MineStar’s ability to provide the equivalent of GPS underground and improve safety and productivity.”
Since 2018, Caterpillar and Minetec have worked under a collaborative agreement to develop and deliver technologies targeting the unique challenges faced with underground hard rock mining operations. The result has delivered unique site solutions that have expanded the capabilities of MineStar to offer real-time, GPS-type tracking for the underground space. As part of the acquisition agreement, Codan will provide manufacturing services to Caterpillar for up to five years to ensure a successful transition and continuous supply to customers.