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Epiroc buys Canadian tech manufacturer

18 Jun Epiroc, a Swedish manufacturer of equipment for the mining and construction industries, has acquired Canadian geotechnical manufacturer Yieldpoint.

Yieldpoint makes movement sensors and other measuring devices
Yieldpoint makes movement sensors and other measuring devices

Based in Kingston, Ontario, Yieldpoint designs, manufactures and sells advanced digital geotechnical instruments such as ground movement sensors and telemetry equipment.

Most of its products are used for underground mining, tunnelling and civil engineering applications by customers around the world. The company currently employs 10 people.

鈥淧roper ground support is crucial to safe mining and infrastructure operations,鈥 said Epiroc president and chief executive Helena Hedblom.

鈥淵ieldpoint鈥檚 smart and robust monitoring solutions complement our ground support offering well, and expand our portfolio of digital solutions,鈥 she added. 鈥淭ogether we will offer high-tech ground support solutions that allow customers to operate in a safer environment and spend more time focusing on their operations.鈥

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