Sandvik
Sandvik acquires Universal Field Robots
Sandvik has announced that it is set to acquire Universal Field Robots (UFR). The Australian-based company specialises in autonomous interoperable solutions for surface mining and underground mining applications. UFR will report to the Digital Mining Technologies division within the Sandvik Mining and Rock Solutions business area.
“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 going forward,” said Stefan Widing, President and CEO of Sandvik.
UFR’s common autonomy platform will complement Sandvik’s automation offering and also includes Original Equipment Manufacturer (OEM) agnostic robotic and autonomous solutions for trucks, loaders, and auxiliary equipment. Through the acquisition, Sandvik is hoping to increase the markets it can cater to, as well as strengthen its position in existing markets.
All parties involved have agreed to not disclose the purchase price, with the deal expected to close during the fourth quarter of 2024.
About Universal Field Robots
With its headquarters in Brisbane, Australia, UFR has around 40 employees. At the end of the June 2024 financial year, the company reported generated revenue of approximately SEK 80 million.