Sandvik has acquired Universal Field Robots, enhancing its digital mining capabilities with advanced autonomous technologies that cater to the growing demand for automation in the mining industry.

Target Information

Sandvik has successfully finalized its acquisition of Universal Field Robots (UFR), an innovative and rapidly growing company based in Brisbane, Australia. UFR specializes in providing autonomous and interoperable solutions tailored for both surface and underground mining sectors. With a dedicated workforce of approximately 40 employees, the firm has demonstrated substantial capability in addressing the evolving needs of the mining industry.

For the financial year ending June 2024, UFR reported revenues of approximately SEK 80 million, showcasing its strong market presence and operational effectiveness. Sandvik will integrate UFR as part of its Digital Mining Technologies division, which falls under the broader business area of Sandvik Mining and Rock Solutions.

Industry Overview

The Australian mining industry is one of the largest and most significant sectors in the country's economy, contributing billions to its GDP. The sector is characterized by a strong focus on innovation and technology,