Home / Directory / List News / Detail News

Komatsu to acquire Mine Site Technologies

www.asiaminer.com

Thu 16 Jun 2022, 09:24 AM

Share

Events

Global OEM Komatsu announced 15 June it has come to an agreement to acquire Australian-based, globally focused underground connectivity provider Mine Site Technologies (MST).

komatsu mstFinancial details of the deal were not available, though Komatsu said the transaction is through its wholly owned subsidiary in Australia.

“As global demand for essential resources requires Komatsu’s customers to go underground for mineral deposits, the company is rapidly developing new technologies, equipment and solutions to support the industry’s future needs,” said Komatsu President and CEO Hiroyuki Ogawa.

“Empowering its customers’ growing use of digitalisation and automation to improve safety and productivity, Komatsu plans to work with MST Global to help customers build digital ecosystems with real-time insights and alerts, voice and communication technologies, software solutions, robust network infrastructure and wireless and geospatial technologies.”

Together, Komatsu and MST will boost availability of high-speed, low latency digital communication, which is crucial to mission-critical communication as well as the integration of IoT sensors, increasing the volume of information communicated and enabling real-time tracking, monitoring and automation of mine operations.

Komatsu is planning to close the acquisition on 1 July pending the completion of all procedures for closing. The OEM said the impact on its consolidated business results is estimated to be minimal.

“Per the company’s ongoing mid-term management plan 'DANTOTSU Value - Together, to ‘The Next’ for sustainable growth,' Komatsu is working to expand offerings for underground hard rock mining, creating new value for customers with the development of new equipment, processes and technologies that will help operations step forward to the next stage for the workplace of the future and provide a more sustainable environment for the next generation,” the executive said.

Source: https://www.asiaminer.com/news/latest-news/11062-komatsu-to-acquire-mine-site-technologies.html#.Yr0TO3ZBy5d

Advertisement

Relate News

News
16 Dec 2022, 09:00 AM

Far East Gold Hits High-Grade Gold, Silver at Woyla Project in Indonesia

www.marketscreener.com
4157 Views
News
28 Feb 2023, 12:00 PM

Tin (TINS) Ausmelt Project Optimisation in Three Years

industri.kontan.co.id
3673 Views
News
17 Apr 2022, 12:14 PM

Boost Coal Production, Harum Energy (HRUM) Maximizes Production Capacity

www.industri.kontan.co.id
0 Views
News
03 Oct 2023, 12:00 PM

Nickel Industries Builds Solar Power Plant to Produce Environmentally Friendly Nickel

ANTARA
4011 Views
Hello! We would like to talk to you.Please fill the details below to start chatting with us.