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 will be reported in Digital Mining Technologies, a division within business area Sandvik Mining and Rock Solutions.
UFR's solution portfolio is built on a common autonomy platform, which is a strong complement to Sandvik's automation offering and includes OEM 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. 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 optimise the performance of their full mining equipment fleets, regardless of the OEM.
"Universal Field Robots is an important strategic addition to Sandvik Mining and Rock Solutions, which will strengthen our growth potential and provide key capabilities in the development of our mining automation solutions portfolio," Stefan Widing, president and CEO of Sandvik, said.
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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 SEK80 million (US$8 million).
