Sandvik has signed an agreement to acquire Universal Field Robots (UFR), a fast-growing Australia-based provider of autonomous interoperable solutions for the surface mining and underground mining markets
UFR’s solution portfolio is built on a common autonomy platform, which is a strong complement to Sandvik’s automation offering and includes OEM (Original Equipment Manufacturer) agnostic robotic and autonomous solutions for trucks, loaders and auxiliary equipment.
The acquisition will help to increase the addressable market for Sandvik and further strengthens the market position of Sandvik AutoMine – the world’s leading mining automation platform.
Adding to the AutoMine platform’s existing capabilities to integrate third-party equipment, UFR will significantly expand the number of compatible third-party equipment types, providing customers with flexible opportunities to optimize the performance of their full mining equipment fleets, regardless of the OEM.
Strengthening mining automation solutions
“Universal Field Robots is an important strategic addition to Sandvik Mining & 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 has approximately 40 employees and is headquartered in Brisbane, Australia.
In the financial year that ended in June 2024, the company generated revenues of approximately SEK80m ($7.8m).
The impact on Sandvik’s EBITA margin will be limited. The impact on Sandvik’s earnings per share (excluding non-cash amortization effects from business combinations) will be positive.
The parties have agreed not to disclose the purchase price. The transaction is expected to close during the fourth quarter of 2024.
Headquartered in Stockholm, Sandvik is a high-tech engineering group focused on the mining, manufacturing and infrastructure sectors.
In 2023, the group had approximately 41,000 employees, sales in about 170 countries and revenues of about SEK127bn.
The company’s new brand identity recently received a Red Dot Design Award in the technology brand category.
