Komatsu, through its wholly owned subsidiary in Australia, has agreed to acquire Mine Site Technologies (MST Global, New South Wales, Australia), a provider of operational optimization platforms for underground mining that leverage communication devices and position tracking systems.
Komatsu is planning to close the acquisition on July 1, on the condition that all necessary procedures for closing are completed. The impact on Komatsu’s consolidated business results is estimated to be minimal.
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. Empowering its customers growing use of digitalization 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 the companies will work to increase availability of high-speed, low latency digital communication, which is necessary to: provide mission-critical communication, integrate IoT sensors, increase the volume of information communicated, and enable real-time tracking, monitoring and automation of mine operations.
By adding MST Global's experience and expertise in the introduction of communication devices and optimization platforms, Komatsu aims to enhance the speed at which it offers advanced technology solutions, including the automation and teleoperation of mining equipment underground.
Source: Komatsu
