Atlas Copco will acquire 34% of Mobilaris MCE AB, a company that provides advanced software that optimizes underground mining operations, based in Luleå, Sweden. Mobilaris MCE’s software solutions offer situational awareness of the mines, real-time positioning and detailed status information on vehicles, equipment and personnel, presented in a sophisticated 3-D user interface.

“We are delighted to deepen our partnership with the innovative team from Mobilaris,” said Jonas Albertson, president of Rocktec division in Atlas Copco’s Mining and Rock Excavation Technique business area. “We see positive synergies both from sales and support and additional products.”

The transaction is expected to be completed in the beginning of the third quarter of 2017 and the purchase price was not disclosed. Mobilaris MCE will operate as a separate company partly owned by Atlas Copco.

“The innovative team at Mobilaris will play a key role as Atlas Copco further advances its digital and automation solutions, providing mining and civil engineering customers with increased safety, enhanced operational excellence and improved productivity,” said Helena Hedblom, president of Atlas Copco’s Mining and Rock Excavation Technique business area. “This is the future in mining.”

Mobilaris MCE’s product have been described as “a Google for the mining industry,” and this deal corresponds with a growing demand for the application of Internet of Things (IoT) solutions for the mining business, explained Mikael Nyström, CEO, Mobilaris Group.

“Mobilaris’ and Atlas Copco’s joint innovative strengths will further speed up the access to new features increasing mining productivity,” Nyström said. “Mobilaris’ agnostic system approach will be a key reason for new customers coming to use mining intelligence technology. We are certain that such open technology platforms will create ripples across the entire mining industry.”