The 2020 Mid-Year Economic Update_long

Atlas Copco Agrees to Acquire Part of Swedish Mining Business

Manufacturer purchasing 34 percent of Mobilaris MCE.

Swedish manufacturer Atlas Copco has agreed to acquire 34 percent of Mobilaris MCE, Lulea, Sweden, a subsidiary of Mobilaris AB. Terms were not disclosed.

Mobilaris MCE develops software that offers situational awareness of the mines, real-time positioning and detailed status information on vehicles, equipment and personnel, presented in a 3D user interface. The software is used for underground mining, tunneling and other civil engineering. The company has 20 employees and had revenues in 2016 of SEK 30 million (US$3.4 million). 

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