ITM Mining

What ITM Mining does

ITM Mining Pty Ltd is an Australian undercarriage components manufacturer and supplier serving the mining, construction, and agriculture sectors. The company is the wholly-owned Australian subsidiary of Italian parent Italtractor ITM SpA, which is itself part of the publicly-listed Titan Europe Plc group. Established in June 2019 when it was spun off from Titan Australia's undercarriage division, ITM Mining is part of the broader ITM Group that traces its origins to 1957 in Italy. The company designs, manufactures, and distributes a comprehensive portfolio of undercarriage components including track chains, track rollers, idlers, sprockets, track shoes, monoblocks, and hardware for machines ranging from 4 to 2,500 tonnes, with applications across excavators, dozers, drill rigs, shovels, crushers, pavers, road milling equipment, and fixed plant installations. Components are compatible with major OEM brands including Caterpillar, Komatsu, Hitachi, Liebherr, and Epiroc.

The business operates a dual-channel go-to-market model: direct supply to OEM manufacturers through co-design and development relationships, and aftermarket distribution through the ITM Group's global network of 140+ independent dealers (approximately 50 focused on mining), supported by six service centers including two in Australia (Welshpool/Perth and Yatala/Queensland). Revenue is generated through hardware sales, professional services (track shop refurbishment, track frame rebuilding, on-site field service, and product support), and emerging managed services through the proprietary TrackAdvice cloud-based undercarriage management software and TRUST ITM wireless sensor monitoring platform launched in 2024. The company holds ISO 9001:2015 quality accreditation, has research partnerships with universities in Italy, Germany, and Spain, and a joint venture (DOZCO) in India. Its technology differentiators include the proprietary monoblock single-unit cast track chain technology, wireless temperature sensors with 50-100m transmission range, and cloud-based predictive life modeling.

Name

ITM Mining

Legal name

ITM Mining Pty Ltd

Website

https://itmmining.com.au

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

ITM Mining Pty Ltd is an Australian undercarriage components manufacturer and supplier serving the mining, construction, and agriculture sectors. The company designs, manufactures, and services track chains, rollers, idlers, sprockets, monoblocks, and related components for heavy mobile equipment, with both OEM-direct and aftermarket dealer channels across Australia and globally.

Ownership category

akta.pro rank

Product category

Heavy Equipment Undercarriage Components

NAICS

Mining Machinery and Equipment Manufacturing (333131), Mining and Oil and Gas Field Machinery Manufacturing (33313), Agriculture, Construction, and Mining Machinery Manufacturing (3331), 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), Wholesale-Construction & Mining (No Petro) Machinery & Equip (5082)

akta.pro primary industry

Surface Mining Equipment (Excavators, Shovels, Draglines, Dozers) (IMAKANAA)

akta.pro secondary industry

Contract Crushing, Screening & Materials Handling (In-Pit/ROM, Conveying, Stockpiling) (IMAKAKAH)

Keywords

• Undercarriage components
• Track chain manufacturing
• Heavy equipment parts
• Crawler undercarriage systems
• Tracked machine spares

Headquarters

HQ city

Welshpool

HQ country

Australia

HQ region

Oceania

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Undercarriage Component Sales: Sale of undercarriage components including track chains, rollers, idlers, sprockets, track shoes, monoblocks, and hardware for excavators, dozers, drills, shovels, and other tracked machinery from 4 tonnes to 2,500 tonnes.
2. Track Shop Services: Maintenance and repair services including track chain repairs and reseal, pin and bush turn servicing, grouser plate re-lugging, track shoe removal and repairs, roller re-shell/re-seal, idler rebuilding, and mud/relief hole cutting.
3. Track Frame Rebuilding: Track frame services including exchange program (ready supply of rebuilt frames), full rebuilds to OEM specifications, and flexible repair options to customer specifications and budget.
4. Product Support Services: Global Product Support Specialists team providing field assistance, product recommendations, wear monitoring, TrackAdvice support, and training in the field and in the classroom.
5. Digital Monitoring Solutions: Cloud-based undercarriage management and monitoring services through TrackAdvice and TRUST ITM technology platforms for fleet optimization and predictive maintenance.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels7 records

Core offering

ITM Mining designs, manufactures, and distributes undercarriage components and complete undercarriage solutions for heavy tracked equipment used in mining, construction, and agriculture. The company also provides track shop maintenance, track frame rebuilding, inspections, and digital monitoring solutions via its TrackAdvice and TRUST ITM platforms to mining operators, contractors, and OEMs across Australia.

Product overview

ITM Mining is a manufacturer and supplier of undercarriage components and complete undercarriage solutions for heavy mobile equipment in the mining, construction, and agriculture sectors. The company operates as part of the ITM Group and offers a comprehensive portfolio organized around three main pillars: (1) Application-based undercarriage systems for excavators, dozers, drill rigs, crushers, shovels, pavers, road milling equipment, and fixed plant; (2) Undercarriage components including track chains, track rollers, sprockets, idlers, track shoes, monoblocks, and hardware; and (3) Service offerings encompassing track shop services (reseals, pin/bush turns, re-lugging, roller and idler rebuilding), track frame rebuilding (exchange, rebuild, repair), track inspections, and software solutions including TrackAdvice cloud-based management system and TRUST ITM wireless sensor monitoring technology. The company serves machines from 4 tonnes to 2,500 tonnes across Caterpillar, Komatsu, Hitachi, Liebherr, Epiroc, and other major OEM brands.

Differentiator

Problem solved

Functional benefit

Products and services

• Excavator Undercarriage
• Dozer Undercarriage Complete undercarriage assemblies and solutions for dozens, engineered for high-wear mining and construction environments.
• Drill Rig Undercarriage Complete undercarriage assemblies for drill rigs, supplied to mining and exploration customers.
• Crusher Sideframes Undercarriage sideframes designed for mobile tracked crushers, supplied to mining and quarrying customers.
• Shovel Undercarriage Complete undercarriage assemblies for mining shovels, supplied to large mining operators and contractors.
• Sugarcane Harvester Undercarriage Complete undercarriage assemblies for tracked sugarcane harvesters, supplied to agricultural customers in Australia.
• Track Chain Replacement track chain assemblies sold as standalone undercarriage components for heavy tracked equipment in mining, construction, and agriculture.
• Track Rollers Replacement track rollers sold as standalone components for the undercarriage systems of heavy tracked equipment.
• Idlers Replacement idlers sold as standalone components for the undercarriage systems of heavy tracked equipment.
• Sprockets Replacement sprockets sold as standalone components for the undercarriage systems of heavy tracked equipment.
• Track Shoes Replacement track shoes sold as standalone ground-engaging components for the undercarriage systems of heavy tracked equipment.
• Track Shop Service Service offering where ITM Mining operates track shops providing inspection, maintenance, and component support for customer undercarriage systems on heavy tracked equipment.
• Track Frame Rebuilding Workshop-based service for rebuilding customer track frames, extending undercarriage life on heavy mining and construction equipment.
• Track Inspections On-site inspection service for customer undercarriage systems, supporting maintenance planning and condition assessment for mining, contractor, and construction fleets.
• Product Support Ongoing product support service covering technical advice, parts, and lifecycle support for ITM Mining's undercarriage products and installed base.
• TrackAdvice Digital monitoring and management platform that supports customers in tracking undercarriage condition and wear on heavy tracked equipment.
• TRUST ITM Digital platform provided by ITM Mining to support customers with undercarriage management, product trust, and engagement with ITM Mining's product range.

Quantifiable outcome

• Potentially up to 50% increase in tramming efficiency
• +2 more outcomes

Named customers28 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Five partnerships are on record, tiered core and supporting.

• DOZCO (India) Pvt LtdcoreStrategic or Co-development Partner · 1 January 2019Joint venture partnership established in 2019 to expand ITM's presence in the Asian market and provide support for OEM customers in India. ITM formed this JV with its historical Indian dealer to strengthen operations in this region.
• University of BolognasupportingOthersAcademic partnership for research and development collaboration in engineering and materials science.
• University of ModenasupportingOthersAcademic partnership for research and development collaboration in engineering and materials science.
• Atzerland Institute (Spain)supportingOthersAcademic partnership supporting monoblock technology development at Pyrsa foundry in Spain.
• Bochum University (Germany)supportingOthersAcademic partnership for engineering research and development at German Engineering Centre.

Scale indicators8 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Hitachi Construction Machinery: Hitachi is a major mining excavator OEM and a customer of ITM Mining for undercarriage components. It produces and services its own undercarriage parts through the ConSite and aftermarket programs, competing with ITM Mining in similar equipment classes.
• Epiroc: Epiroc is a leading mining and infrastructure OEM (drill rigs, loaders, trucks) and an ITM Mining customer. It competes with ITM Mining in drill rig undercarriage and provides its own service and parts ecosystem.
• Caterpillar: Caterpillar is the world's largest mining and construction OEM and a major customer of ITM Mining for undercarriage components. Cat also manufactures its own Cat Parts undercarriage line and competes directly with ITM Mining in the aftermarket through its global dealer network.
• Komatsu: Komatsu is a leading global mining and construction OEM and a customer of ITM Mining. It also produces its own undercarriage components and competes with ITM Mining in the global aftermarket, particularly through KOMTRAX-enabled service offerings.
• Liebherr: Liebherr is a global mining and construction OEM and an ITM Mining customer. It competes with ITM Mining in large excavator undercarriage and offers competing service and parts programs through its own dealer network.
• John Deere (Construction & Forestry): John Deere manufactures tracked construction and agricultural equipment and is both an OEM customer (agricultural undercarriage) and indirect competitor through its dealer service network. ITM Mining supplies CASE and John Deere sugarcane harvester undercarriage directly.

Emerging players

• Camso (Michelin): Camso, now part of Michelin, is a leader in rubber track systems for agricultural, construction, and light-mining equipment. It overlaps with ITM Mining in the agricultural undercarriage segment and in applications where rubber tracks replace steel, representing a partial substitute technology.
• Bridgestone (Tracks): Bridgestone produces rubber tracks and undercarriage components for construction and agricultural equipment. It competes with ITM Mining's steel undercarriage offering in segments where rubber tracks are preferred, particularly agriculture and light construction.

Direct peers

• Berco (ThyssenKrupp): Berco is the historical global leader in undercarriage components (track chains, rollers, idlers, sprockets, shoes) for construction, mining, and agricultural tracked equipment. It is the most direct competitor to ITM Mining across the same product categories, OEM relationships, and aftermarket channels.

Regional players

• Hensley Industries: Hensley Industries (part of Caterpillar) manufactures ground engaging tools and wear parts for mining and construction equipment. It is a comparable wear-parts manufacturer serving the same Australian and global mining customer base as ITM Mining, though focused on GETs rather than undercarriage components.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xtwitter.com/ITMGroup
• YouTubeyoutube.com/c/ITMgroup-undercarriageparts
• Facebookfacebook.com/ITM-Group
• LinkedInlinkedin.com/company/itm-mining

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries8 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about ITM Mining