On January 10, Hexagon AB acquired Minnovare, a leading provider of drilling technology. Minnovare specializes in eliminating the manual, labor intensive, and unproductive processes in underground mining that lead to blast-hole deviation, dilution and downtime. Its advanced hardware and data-capture software combine to deliver drill-data faster and more accurately, improving the efficiency, productivity and overall profitability of underground drilling operations. Its solutions combine sensors, software and data analytics to address deficiencies in existing drilling processes across the resource definition, development and production phases.
“The integration of Minnovare’s innovative mining solutions will be invaluable for customers striving to improve the speed, cost and accuracy of underground drilling,” Hexagon Mining Division Chief Technology Officer Rob Daw said. “Today’s acquisition accelerates and enhances Hexagon’s underground development roadmap as well as strengthening our formidable drill and blast portfolio.”
Being a part of Hexagon will provide Minnovare with established global channels and customer base, according to Minnovare Managing Director Callum McCracken.
Minnovare has more than 150 contracted systems in more than 90 mining operations worldwide. Minnovare will operate as part of Hexagon’s mining division.