Epiroc has agreed to acquire a majority stake (53%) of Radlink, an Australian company that provides mines with wireless connectivity solutions.
Radlink, headquartered in Perth, Australia, designs, delivers and integrates wireless data and voice communication networks and supporting infrastructure to surface and underground mines throughout Australia.
Robust wireless networks are vital to support mining automation, including autonomous and teleremote solutions, which in turn strengthen safety and productivity. The company has approximately 330 employees and had revenues in the fiscal year ending June 30, 2022, of about MAUD 145 (MSEK 1 040).
“Radlink’s powerful network connectivity solutions will support Epiroc as we continue to provide mining companies with automation and digital solutions that make operations safer and more efficient,” says Helena Hedblom, Epiroc’s President and CEO. “We look forward to welcoming the strong team at Radlink to Epiroc.”
The acquisition is expected to be completed in the fourth quarter 2022. The transaction is not subject to a disclosure obligation pursuant to the EU Market Abuse Regulation.