Epiroc

Name

Epiroc

Legal name

Epiroc AB

Website

https://epirocgroup.com

Company type

Public

Founded year

2018

Operating status

Operating

Headcount range

5,001–10,000 employees

Ownership category

akta.pro rank

Product category

Mining and Infrastructure Equipment

NAICS

Construction Machinery Manufacturing (333120)

SIC

Mining Machinery & Equip (No Oil & Gas Field Mach & Equip) (3532), Construction, Mining & Materials Handling Machinery & Equip (3530), Construction Machinery & Equip (3531)

akta.pro primary industry

Mine Infrastructure & Utilities EPC (Power, Water, Comms, Camps, Roads, Airstrips) (IMAKAOAB)

Keywords

• Mining equipment manufacturing
• Underground drilling equipment
• Mining automation solutions
• Rock excavation tools
• Mining electrification systems

Headquarters

HQ city

Norsborg

HQ country

Sweden

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Equipment Sales: Sales of mining and infrastructure equipment including drill rigs, rock excavation equipment, construction equipment, tools for surface and underground applications.
2. Aftermarket Services: World-class service and aftermarket support generating over half of total sales, including parts, professional services, support solutions, and training. Provides recurring revenue stability.
3. Automation, Digitalization and Electrification Solutions: Solutions for automation, digitalization and electrification including autonomous systems, telematics, collision avoidance systems, and battery-electric equipment.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

Epiroc designs, manufactures, and services mining and infrastructure equipment, tools, and digital solutions across two business areas: Equipment & Service (surface and underground drill rigs, underground loaders and haul trucks, automation platforms, electrification infrastructure) and Tools & Attachments (hydraulic breakers, drill bits, down-the-hole hammers, quick couplers). The company supplies recurring aftermarket services (parts, maintenance, rebuilds, professional services, training) generating over half of total revenue, alongside automation, digitalization, and electrification solutions such as the LinkOA autonomous haulage platform, 6th Sense digital portfolio, and battery-electric charging infrastructure.

Product overview

Epiroc develops and provides a broad portfolio of mining and infrastructure equipment, tools, and digital solutions organized across two primary business areas: Equipment & Service and Tools & Attachments. The Equipment & Service division encompasses surface and underground drill rigs (SmartROC, Pit Viper), underground loaders and trucks (Scooptram, Minetruck), automation platforms (LinkOA autonomous haulage, 6th Sense digital solutions), telematics (HATCON/InSite), and electrification infrastructure including next-generation charging solutions. The Tools & Attachments division covers hydraulic breakers (HB series), drill bits (Powerbit X, PCD, DTH), and quick couplers. Acquired brands including ASI Mining (OEM-agnostic autonomous systems), RCT (remote control/teleoperation via AutoNav Tele), Mobilaris MCE (situational awareness), Geoscan (digital core imaging), ACB+ (excavator attachments), Yieldpoint (geotechnical instruments), JTMEC (electrification infrastructure), and Eventspec (aftermarket solutions) extend capabilities across automation, digitalization, electrification, and aftermarket services. The company also integrates Ericsson's private LTE/5G network infrastructure as a systems-level digital add-on across its portfolio.

Differentiator

Problem solved

Functional benefit

Brands

• LinkOA: OEM-agnostic autonomous haulage platform combining truck operation, drilling and blasting under single intelligent control layer
• Hatcon
• 6th Sense
• SmartROC
• Minetruck
• Scooptram
• Foster
• My Voice
• MyLearning
• Water for All

Products and services

• SmartROC D65 Autonomous Surface Drill Rig Surface autonomous drill rig capable of full remote operation, used for quarrying, surface mining, and construction applications with advanced automation and connectivity features.
• SmartROC T40 Tophammer Drill Rig Tophammer drill rig for surface mining applications with intelligent control systems and automation features optimizing engine performance and fuel consumption.
• Pit Viper 275 E Autonomous Electric Blasthole Drill Rig Cable-electric blasthole drill rig for surface mining designed for fully autonomous operation, eliminating exhaust emissions while enhancing safety and productivity.
• Minetruck MT66 S eDrive Underground Hauler Underground hauler upgraded with a powerful electric drivetrain delivering up to 15% productivity boost and up to 7% fuel consumption reduction versus traditional diesel mine trucks, without requiring changes to mine infrastructure.
• Minetruck (MT Series) Underground Haulers Underground haulers deployed at deep-level mining operations for raising production capacity while improving operator protection and traffic control in constrained single-lane headings.
• Scooptram Underground Loader Series Underground loaders for mining operations available in diesel or electric-ready configurations, used with Minetruck haulers to create integrated load-haul fleets for underground mining.
• Next-Generation Underground Mining Charging Solution Charging infrastructure for underground mining featuring dynamic power sharing technology achieving 85-95% efficiency, delivering 480 kW maximum power per cabinet, supporting up to eight charging stations with 300-meter cable reach, and IP65 certified for dust and water resistance.
• LinkOA 3D Autonomous Truck Haulage System OEM-agnostic autonomous platform combining truck haulage, drilling, and loading under a single intelligent control layer, with advanced sensors, cameras, and AI improving situational awareness for mixed-fleet autonomous mining operations.
• Epiroc Collision Avoidance System (CAS) Digital safety solution for the mining industry. Epiroc CAS 9 is the highest level of collision avoidance system installed in mining, contributing to 65-70% improvement in collision incidents and operator exposure reduction, with 100 systems installed.
• HATCON Telematics for Attachments Telematics technology embedded in Epiroc attachments providing connectivity for maintenance planning and operational transparency, with 36-month or 3,000-hour warranty for telematics-enabled attachments.
• InSite Fleet Management Platform Fleet management and maintenance planning platform supporting telematics-enabled attachments and equipment, providing operational transparency and proactive service planning for mining and infrastructure customers.
• 6th Sense Digital Solutions Portfolio Digital solutions platform integrating telematics, remote-control, collision avoidance, and situational awareness (Mobilaris) capabilities for real-time positioning and status monitoring in mining and civil engineering operations.
• HB 3600 DP Hydraulic Breaker Hydraulic breaker deployed for controlled, non-explosive excavation in geologically sensitive terrain and infrastructure projects such as tunnels, demolition, and road construction.
• Powerbit X Down-the-Hole Drill Bit Advanced down-the-hole drill bit designed to last up to 20% longer than previous models, improving drilling efficiency and operator productivity in mining and construction applications.
• PCD Drill Bits Polycrystalline diamond composite drill bits in Epiroc's next-generation tooling portfolio for improved drilling performance in mining and construction applications.
• DTH 5 Down-the-Hole Hammers Down-the-hole drilling hammers with updated design for enhanced performance and reliability in mining and construction drilling operations.
• Automatic Bit Changers Automatic bit changers designed to reduce operational downtime and labor costs in mining drilling operations by automating drill bit replacement.
• Ericsson Private LTE/5G Mining Network Solutions Private cellular LTE and 5G network infrastructure integrated into Epiroc's digital portfolio, enabling autonomous equipment, remote-controlled machinery, and predictive maintenance applications in mining operations, resold and deployed by Epiroc as systems integrator.
• AutoNav Tele Remote Control System Agnostic teleoperation system enabling remote control and autonomous capabilities on mining equipment such as CAT D10 dozers and CAT 992 Wheel Loaders, with operators relocated to secure AutoNav Cabins for remote operation.

Quantifiable outcome

• 30-50% reduction in ventilation costs for underground operations
• +5 more outcomes

Named customers8 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

AI capability8 records

Feature5 records

Partnerships

Six partnerships are on record, tiered flagship and core.

• EricssonflagshipTechnology or Integration · 8 June 2026Global go-to-market commercial alliance to deliver private LTE and 5G network solutions for mining operations, building on 2018 cooperation. Epiroc integrates Ericsson's private cellular network infrastructure into customer-facing digital portfolio and serves as systems integrator and global reseller across surface and underground mining environments. Enables autonomous equipment, remote operations centers, and safety-critical applications through deterministic, low-latency connectivity.
• Heidelberg MaterialscoreStrategic or Co-development Partner · 4 June 2026Automation order deploying LinkOA autonomous haulage system for Komatsu HD605 trucks at quarry in Western Australia. Pilot project to demonstrate automation application in medium-sized quarries with complex conditions, extending automation beyond traditional mining into aggregates sector. Project validates mixed fleet safety operation, improves transport efficiency, reduces operator dependency, and improves system performance under varying conditions.
• SANY GroupflagshipStrategic or Co-development Partner · 27 May 2026Strategic partnership covering four capability domains: hydraulic attachments and rock-excavation tooling, electrification systems, fleet integration, and coordinated aftermarket services. Combines Epiroc's hydraulic breakers, underground equipment, and charging infrastructure with SANY's large-tonnage electric mining trucks (35%+ global market share) and Smart Mining platform managing 5,000+ intelligent machines. Approximately US$59 billion combined market capitalization positions partnership to accelerate mining industry electrification and autonomous operations without requiring capital-intensive M&A.
• ASI MiningcoreStrategic or Co-development Partner · 29 May 2024Acquisition of remaining 66% stake (Epiroc already owned 34%) in US-based autonomous mining solutions provider. Enhances automation solutions for mining industry through advanced remote control, teleoperation, and fully autonomous technologies. Deal completed in Q3 2024 pending regulatory approval.
• Remote Control Technologies (RCT)coreStrategic or Co-development Partner · 1 December 2022Acquisition completed of Australian provider of automation and remote-control solutions for mining, headquartered in Perth. Makes Epiroc a leading provider of automation solutions for surface and underground mining equipment worldwide.
• G.W. Van Keppel CompanycoreChannel Partner/ Reseller/ DistributorNew dealer partnership in the USA for equipment distribution and aftermarket support, expanding Epiroc's market reach in North American mining and construction markets.

Scale indicators11 records

Recent moves7 records

Expansion highlights7 records

Direct peers

• Sandvik: Swedish-based global engineering company with Sandvik Mining and Rock Solutions as a direct competitor to Epiroc. Both serve underground and surface mining with drilling, loading, hauling equipment, automation, and aftermarket services, with comparable Nordic innovation ecosystems and customer bases.
• Metso: Finnish-based global leader in mineral processing and flow control solutions for mining and aggregates. As a fellow Nordic mining equipment specialist, Metso competes with Epiroc in comminution, screening, and process equipment, with overlapping customers in mining and infrastructure segments.
• FLSmidth: Danish-based engineering company serving the global mining and cement industries with equipment, service, and digital solutions for mineral processing, material handling, and mining. Comparable focus on mining customers and digital transformation of processing operations, with overlap on aftermarket services.

Broad incumbents

• Caterpillar: Largest global heavy equipment OEM with a substantial mining division (Cat Mining) offering trucks, loaders, and the MineStar Command autonomous haulage system. As a broad incumbent, Caterpillar competes with Epiroc in mining trucks and surface drilling but also serves construction, energy, and transportation markets.
• Komatsu: Japanese global heavy equipment manufacturer with a significant mining business and the FrontRunner autonomous haulage system, a direct competitor to Epiroc's LinkOA. Komatsu serves surface and underground mining, construction, and forestry, with deep incumbent relationships among major mining customers.
• Liebherr: Swiss-German family-owned manufacturer of mining trucks (T 264, T 284), excavators, and hydraulic equipment serving surface mining, construction, and earthmoving. Liebherr competes with Epiroc in mining trucks and hydraulic attachments as part of a broader diversified industrial portfolio.
• Hitachi Construction Machinery: Japanese manufacturer of mining excavators (ultralarge hydraulic shovels), dump trucks, and construction equipment with an established mining truck business competing against Epiroc's surface mining solutions. As a broad incumbent, Hitachi CM serves mining, construction, and forestry customers globally.
• Volvo Construction Equipment: Swedish-based Volvo Group division manufacturing construction equipment including excavators, wheel loaders, and haulers that compete with Epiroc's construction equipment segment. As a broad incumbent, Volvo CE serves infrastructure, construction, and select mining applications with electric and conventional powertrains.

Others

• SANY Group: Chinese heavy equipment manufacturer holding 35%+ global market share in large-tonnage electric mining trucks and operating the Smart Mining platform managing 5,000+ intelligent machines. While SANY is now a strategic partner of Epiroc, it remains a competitor in mining trucks and electric equipment, particularly in Asia-Pacific and emerging markets.

Emerging players

• Doosan Bobcat: South Korean-owned global manufacturer of compact equipment including excavators, skid-steer loaders, and attachments. As an emerging player in compact and mid-sized construction/mining equipment, Doosan Bobcat partially overlaps with Epiroc's ACB+ attachment portfolio and lower-tier construction equipment offerings.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCQLTt2pZVLqK1nVhjCopgeQ
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• Instagraminstagram.com/epirocgroup
• Xx.com/epirocgroup

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Subsidiaries11 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A13 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Epiroc