Epiroc rides a wave of change as mines switch to self-driving, electric machines and more connected software, which could make its service and parts business steadier and more profitable over time. The flip side is that construction weakness, trade and supply shocks, and a slowdown in mining could quickly squeeze results if the turnaround moves too slowly.Read more
Epiroc looks set to ride a wave of change as mines push harder into automation and electrification, which can bring more high-value service work long after the initial equipment sale. The big question is whether rising costs and uneven demand in parts of construction and certain metals slow the payoff from these upgrades.Read more
Catalysts About Epiroc Epiroc supplies equipment, tools, automation and digital solutions for mining and infrastructure customers globally. What are the underlying business or industry changes driving this perspective?Read more
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Epiroc AB (publ), together with its subsidiaries, develops and produces equipment for use in surface and underground applications in North America, South America, Europe, Africa, the Middle East, Asia, Australia, and India. It operates in two segments, Equipment & Service, and Tools & Attachments. The Equipment & Service segment offers equipment and solutions for rock drilling, rock excavation, rock reinforcement, loading and haulage, and ventilation systems; drilling equipment for exploration, and water and energy; and related spare parts and services for the mining and infrastructure industries. This segment also provides digital solutions, such as connectivity, collision avoidance systems, automation, and mine planning, as well as electrification. Its Tools & Attachments segment offers rock drilling tools, including tophammer, COPROD, down-the hole, rotary and raiseboring; drill string components comprising bits, rods, pipes, shanks, hammers, and other products; rock reinforcement tools, such as rock bolts, mesh, and accessories; and exploration drilling tools. This segment also provides hydraulic breakers, shears and pulverizers, concrete cutters and busters, quick couplers and thumbs, drum cutters, excavator grapples, excavator magnets, and crusher and screening buckets; ground engaging tools, including teeth, lip shrouds, and protective shrouds; and digital solutions for monitoring, optimization, loss detection and analytics. In addition, the company offers aftermarket services, such as replacement parts and kits, service agreements and audits, circular services, and custom-engineered solutions, as well as component remanufacturing, midlife upgrades, cost-per-meter contracts, and conversion kits. The company has a strategic collaboration with Sany Group Company Limited for the development of equipment and technology for mining applications. Epiroc AB (publ) was founded in 1873 and is headquartered in Nacka, Sweden.
