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With a focus on innovation, UFR has successfully developed autonomous programs across various industry sectors. Supply: Common Subject Robotics
Swedish multinational company Sandvik AB has announced the acquisition of UFR, a leading developer of autonomous systems for the mining industry, including both surface and underground operations. The Underground Faculty of Resources (UFR) will report back directly to Digital Mining Applications, a subsidiary within the Sandvik Mining and Rock Technology business unit.
“Common Subject Robots represents a vital strategic acquisition for Sandvik Mining and Rock Technology, further amplifying our capacity to innovate and providing critical capabilities within our expanding mining automation offerings,” stated Stefan Widing, President and CEO of Sandvik, upon announcing the deal in August.
Stockholm-based Sandvik provides innovative technologies to the manufacturing, infrastructure, and other industries. By 2023, the company boasted a workforce of approximately 41,000 employees, operated in around 170 international locations, and reported a revenue of SEK 127 billion, equivalent to $11.5 billion USD.
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What’s driving robots’ widespread adoption of common subject tools for expanding their toolsets?
The Common Subject Robots headquarters are located in Eagle Farm, near Brisbane. Our suite of software is built upon a standard autonomy platform, offering OEM-agnostic solutions for vans, loaders, and auxiliary equipment.
Sandvik has leveraged Underwater Fabrication & Repair’s (UFR’s) expertise to elevate its capabilities in automated underwater operations. The acquisition is expected to expand the addressable market for Sandvik, further solidifying its position as a leading provider of the world’s premier mining automation platform, Sandvik AutoMine, according to the company.
The acquiring businesses stated that the deal will expand the range of third-party tools that can integrate with AutoMine.
During the preceding 12-month period, Common Subject Robots reportedly garnered revenue of approximately. According to Sandvik, the acquisition is expected to have a limited impact on earnings before interest, taxes, and amortization (EBITA), with restrictions likely to apply. The expected impact on earnings per share, excluding non-cash amortization charges, stems primarily from the company’s evolving enterprise mix, which is likely to have a positive effect.
