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Sandvik completes the acquisition of Universal Field Robots

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Sandvik has completed its acquisition of Universal Field Robots (UFR), an Australian provider of autonomous interoperable solutions for mining markets. UFR, which will be integrated into Sandvik's Digital Mining Technologies division, generated revenues of approximately SEK 80 million in the fiscal year ending June 2024. The Brisbane-based company employs around 40 people. While the acquisition's impact on Sandvik's EBITA margin will be , it is expected to positively affect earnings per share (excluding non-cash amortization effects).

Sandvik ha completato l'acquisizione di Universal Field Robots (UFR), un fornitore australiano di soluzioni autonome interoperabili per i mercati minerari. UFR, che sarà integrato nella divisione Tecnologie Minerarie Digitali di Sandvik, ha generato ricavi di circa 80 milioni di SEK nell'anno fiscale che si è concluso a giugno 2024. La compagnia, con sede a Brisbane, impiega circa 40 persone. Sebbene l'impatto dell'acquisizione sul margine EBITA di Sandvik sarà , si prevede che avrà un effetto positivo sugli utili per azione (escludendo gli effetti di ammortamento non monetario).

Sandvik ha completado su adquisición de Universal Field Robots (UFR), un proveedor australiano de soluciones autónomas interoperables para los mercados mineros. UFR, que será integrado en la división de Tecnologías de Minería Digital de Sandvik, generó ingresos de aproximadamente 80 millones de SEK en el año fiscal que concluyó en junio de 2024. La empresa con sede en Brisbane emplea a alrededor de 40 personas. Si bien se espera que el impacto de la adquisición en el margen EBITA de Sandvik sea , se anticipa que tendrá un efecto positivo en las ganancias por acción (excluyendo los efectos de amortización no monetaria).

Sandvik는 호주 자율 상호 운용 솔루션 제공업체인 Universal Field Robots (UFR)의 인수를 완료했습니다. UFR은 Sandvik의 디지털 광업 기술 부문에 통합될 예정이며, 2024년 6월 종료된 회계연도에 약 8000만 SEK의 수익을 올렸습니다. 브리즈번에 본사를 둔 이 회사는 약 40명의 직원을 고용하고 있습니다. 인수의 Sandvik EBITA 마진에 미치는 영향은 , 주당 순이익에 긍정적인 영향을 미칠 것으로 예상됩니다(비현금 상각 효과 제외).

Sandvik a finalisé son acquisition de Universal Field Robots (UFR), un fournisseur australien de solutions autonomes interopérables pour les marchés miniers. UFR, qui sera intégré dans la division des Technologies Minières Numériques de Sandvik, a généré des revenus d'environ 80 millions de SEK pour l'exercice se terminant en juin 2024. L'entreprise, basée à Brisbane, emploie environ 40 personnes. Bien que l'impact de l'acquisition sur la marge EBITA de Sandvik sera , on s'attend à ce qu'elle ait un effet positif sur le bénéfice par action (hors effets d'amortissement non monétaires).

Sandvik hat die Übernahme von Universal Field Robots (UFR), einem australischen Anbieter von autonomen interoperablen Lösungen für den Bergbau, abgeschlossen. UFR, das in die Abteilung für digitale Bergbautechnologien von Sandvik integriert werden soll, erzielte im Geschäftsjahr, das im Juni 2024 endete, Einnahmen von etwa 80 Millionen SEK. Das in Brisbane ansässige Unternehmen beschäftigt rund 40 Mitarbeiter. Während die Auswirkungen der Übernahme auf die EBITA-Marge von Sandvik sein werden, wird erwartet, dass sie sich positiv auf das Ergebnis je Aktie auswirken wird (ohne nicht zahlungswirksame Abschreibungseffekte).

Positive
  • Acquisition expands Sandvik's digital mining technology portfolio
  • UFR's revenue contribution of SEK 80 million
  • Expected positive impact on earnings per share
  • Strategic expansion into autonomous mining solutions market
Negative
  • impact on EBITA margin

STOCKHOLM, Dec. 2, 2024 /PRNewswire/ -- Sandvik has completed the previously announced acquisition of Universal Field Robots (UFR), a fast-growing Australia-based provider of autonomous interoperable solutions for the surface mining and underground mining markets. UFR will be reported in Digital Mining Technologies, a division within business area Sandvik Mining and Rock Solutions.

UFR has approximately 40 employees and is headquartered in Brisbane, Australia. In the financial year that ended in June 2024, the company generated revenues of approximately SEK 80 million. The impact on Sandvik's EBITA margin will be limited. The impact on Sandvik's earnings per share (excluding non-cash amortization effects from business combinations) will be positive.

Stockholm, December 2, 2024
Sandvik AB

For further information, contact:
Louise Tjeder, VP Investor relations, phone: +46 (0) 70782 6374 or
Johannes Hellström, Press and Media Relations Manager, phone: +46 (0) 70721 1008.

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Sandvik completes the acquisition of Universal Field Robots

 

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SOURCE Sandvik

FAQ

What is the revenue of Universal Field Robots acquired by Sandvik (SDVKY)?

Universal Field Robots generated revenues of approximately SEK 80 million in the financial year ending June 2024.

How many employees does Universal Field Robots have after Sandvik's (SDVKY) acquisition?

Universal Field Robots has approximately 40 employees and is headquartered in Brisbane, Australia.

How will the Universal Field Robots acquisition affect Sandvik's (SDVKY) earnings?

The acquisition will have a positive impact on Sandvik's earnings per share (excluding non-cash amortization effects) but a impact on EBITA margin.

Which division will Universal Field Robots be reported under in Sandvik (SDVKY)?

Universal Field Robots will be reported in Digital Mining Technologies, a division within Sandvik Mining and Rock Solutions.

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